The United Nations
The agency's Food Price Index, which tracks monthly changes in international prices, averaged 125.7 points - a 28.1 per cent increase over 2020.
FAO Senior Economist Abdolreza Abbassian explained that, normally, high prices are expected to ease as production increases to match demand.
This time, however, the consistently high cost of inputs, the ongoing global pandemic and ever more volatile climatic conditions "leave little room for optimism about a return to more stable market conditions even in 2022."
Monthly food price update from @FAO: World food prices fell in December
/UN News Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
