FAO Index Shows Dip in Global Food Prices
January 26, 2022| |
Global prices of food slightly went down as international prices for vegetable oils and sugar decreased significantly, according to the Food and Agriculture Organization of the United Nations (FAO).
The FAO Food Price Index averaged 133.7 points in December 2021, which indicates a 0.9 percent decrease from the previous month and 23.1 percent from the previous year. The FAO Food Price Index monitors the monthly changes in the international prices of commonly-traded food commodities. For the whole year of 2021, the index averaged 125.7 points, which is 28.1 percent higher than the previous year.
"While normally high prices are expected to give way to increased production, the high cost of inputs, ongoing global pandemic and ever more uncertain climatic conditions leave little room for optimism about a return to more stable market conditions even in 2022," said FAO Senior Economist Abdolreza Abbassian.
Read the news article from FAO.| |
You might also like:
- FAO: Global Food Prices Rise in July
- Food Security Expert Says COVID-19 Pandemic Calls for Reassessment of Food Systems
- Global Ban on GM Crops to Raise Food Prices, Add A Billion Tons of CO2 to Atmosphere
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- FAO Index Shows Dip in Global Food Prices
- Climate, Field Management Keys to Increased Crop Yields
- Study Shows How Environment and Genomes Interact in Plant Development
- Low Sunlight Slows Down Rubisco, Limits Photosynthetic Productivity of Crops
- Are UK Consumers Willing to Try Cultivated Meat?
- Multi-stakeholder Organizations and Farmers in EU Join Forces to Fight Climate Change
-
Research Highlights
- Scientists Prove Baby Boom Transcription Also Effective For Apples
-
Plant
- Study Shows CRISPR Works Well in Outer Space
- Are Consumers Willing to Buy CRISPR Tomatoes?
- UK Announces Simpler Rules on Gene Editing for the Benefit of Farmers
- China Drafts New Rules for Gene-edited Crops
- Less Browning and Lower Acrylamide Levels Achieved in Potatoes Thanks to CRISPR
-
Read the latest: - Biotech Updates (April 10, 2024)
- Gene Editing Supplement (April 10, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet