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2 minutes agoUN: food prices at highest levels in 10 years
Periskopi(5 years ago)
(5 years ago)Global food prices have reached the highest level in more than a decade, after increased by more than 30 percent over the past year, the United Nations Food and Agriculture Organization (FAO) said. According to her, price hikes have contributed: supply cuts, the closure of factories [...]
According to her, price hikes have contributed: supply cuts, the closure of factories and political tensions.
FAO said that grain prices have increased by more than 22 percent compared to a year ago.
The price of wheat was one of the main contributors to the situation, as it increased by 40 percent in the past 12 months.
According to the FAO, this happened after leading exporters Canada, Russia and the US have had poor harvests.
“We've had very bad years of harvesting in many countries”, agribusiness expert at the Court Business School in Perth, Australia, told BBC.
FAO said the price of plant oil was increased by increasing the cost of palm oils, soybeans, sunflowers, and seeds.
