The FAO’s global food price index has increased by 40% yoy, reaching the highest level in a decade

, The Washington Post reports in a story headlined: “Surging global food prices put staple meals out of reach, from Nigerian jollof rice to Russian pasta and Argentine steak.” “A variety of factors are to blame, including a surge in orders from China, fluctuating oil prices, a sliding U.S. dollar, and looming above all: the pandemic,” the Post reports, citing the UN’s Food and Agriculture Organization. “But experts say that in the face of growing populations, globalization and climate change, higher prices may not be a blip.”

Post navigation
Previous post

After a 21% drop in grain exports last year, Ukraine now expects a 25% rebound in the grain exports

Next post

“Ukraine is trying to find a balance between China, Russia and the United States,”