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    Home > Food News > Food Articles > Food and Agriculture Organization of the United Nations: Global food prices rise to highest level in nearly 7 years

    Food and Agriculture Organization of the United Nations: Global food prices rise to highest level in nearly 7 years

    • Last Update: 2021-04-17
    • Source: Internet
    • Author: User
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       UN food on the 8th and Agriculture Organization issued a global food prices, the latest monthly report showed that in March the 10th consecutive month of global food prices, reaching the highest since June 2014 level.
     
      The report shows that the FAO Food Price Index in March was 118.
    5 points, an increase of 2.
    1% from the previous month.
    Among them, the price of vegetable oil increased by 8% month-on-month, reaching the highest level in the past 10 years; the price index of dairy products and meat increased by 3.
    9% and 2.
    3% respectively.
    In the same month, the price index of cereals and sugar fell month-on-month, but there was still a large increase compared with the same period last year.
     
      The report also pointed out that the outlook for cereal crop production in 2021 is optimistic.
    FAO predicts that world cereal production will increase for the third consecutive year in 2021.
    Among them, the global wheat output is expected to be 785 million tons, an increase of 1.
    4% over 2020; the expected corn output is also higher than average.
     
      The FAO Food Price Index is published once a month and is used to measure changes in the international prices of the most active food commodities in global trade.
    The index is composed of the weighted average of the price indices of five commodity categories including cereals, vegetable oils, dairy products, meat and sugar.
    Grain food prices
     
      The report shows that the FAO Food Price Index in March was 118.
    5 points, an increase of 2.
    1% from the previous month.
    Among them, the price of vegetable oil increased by 8% month-on-month, reaching the highest level in the past 10 years; the price index of dairy products and meat increased by 3.
    9% and 2.
    3% respectively.
    In the same month, the price index of cereals and sugar fell month-on-month, but there was still a large increase compared with the same period last year.
     
      The report also pointed out that the outlook for cereal crop production in 2021 is optimistic.
    FAO predicts that world cereal production will increase for the third consecutive year in 2021.
    Among them, the global wheat output is expected to be 785 million tons, an increase of 1.
    4% over 2020; the expected corn output is also higher than average.
     
      The FAO Food Price Index is published once a month and is used to measure changes in the international prices of the most active food commodities in global trade.
    The index is composed of the weighted average of the price indices of five commodity categories including cereals, vegetable oils, dairy products, meat and sugar.
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