Last year, the price of food products in the world rose to record heights.

Monday, January 9, 2023
Last year, the price of food products in the world rose to record heights.

Average global food prices in 2022 were 14.3% higher than in 2021. The FAO food price index rose to its maximum since the beginning of the calculation in 1990 – 143.7 points, according to the UN Food and Agriculture Organization. At the same time, it is noted that the index has been declining for nine months in a row and fell by 1.9% to 132.4 points in December. It was 1% lower in December than in the same month of 2021. In December, the oil price index fell by 6.7% compared to November and reached the lowest level since February 2021. The price index for grain decreased by 1.9% and meat by 1.2%. The dairy price index rose 1.2% in December after five months of decline. The sugar price index also rose by 2.4% compared to November.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Ukrainian wind farms lost more than €550M due to war.

Ukrainian wind farms lost more than €550M due to war.

Next post
The NBU wants to stop the

The NBU wants to stop the "printing" of the hryvnia and encourages banks to invest in government bonds.

Previous Main Topics