UN Says Global Food Prices , for Many Staples , Fell in 2023.
On January 5, the U.N. Food and
Agriculture Organization reported that
global prices for some commodities fell
last year from record highs reached in 2022.
ABC reports that the FAO Food Price Index
for 2023 was 13.7% lower than the 2022 average,
but over the same period of time,
sugar and rice prices continued to increase.
In December, the index fell nearly 10% compared to the same time in 2022. .
Despite the price of some food
commodities falling, 2023 remained
a difficult year for global food insecurity. .
The World Food Program warns that , over 333 million people , faced acute food insecurity in 2023. .
The cost of both rice and sugar
went up in price in 2023.
The cost of both rice and sugar
went up in price in 2023.
The FAO's rice index climbed 21% due to
export restrictions imposed by India and
the impact of El Niño on rice production. .
The FAO's rice index climbed 21% due to
export restrictions imposed by India and
the impact of El Niño on rice production. .
The agency's sugar index reached its highest
level since 2011, jumping 26.7% due to
low supplies following dry weather
damaging harvests in India and Thailand.
The agency's sugar index reached its highest
level since 2011, jumping 26.7% due to
low supplies following dry weather
damaging harvests in India and Thailand.
According to the FAO, the prices
of meat, dairy and vegetable oil
all dropped compared to 2022.
According to the FAO, the prices
of meat, dairy and vegetable oil
all dropped compared to 2022.
According to the FAO, the prices
of meat, dairy and vegetable oil
all dropped compared to 2022.
Vegetable oil, a major Black Sea export that saw
huge increases amid Russia's invasion of Ukraine,
hit a three-year low, a sign of improved global supply