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Food as expensive worldwide as it was in 2014


Global food prices have risen noticeably. Sugar and vegetable oils in particular are becoming significantly more expensive.

Dairy products

Photo: DPA

World market prices for food rose in February for the ninth month in a row and reached their highest level since July 2014.

This was announced by the World Food Organization FAO.

The food price index, which measures the monthly changes in a basket of grains, oilseeds, dairy products, meat and sugar, climbed to 116 points last month.

In January it had stood at 113.2 meters.

Sugar and vegetable oils in particular cost more.

Sugar's price rose 6.4 percent within a month.

The reason is the fear of inadequate supply in the face of declines in production in important producer countries with strong demand from Asia.

Vegetable oil rose by 6.2 percent and cost as much as it has not been since April 2012.

The prices for palm oil rose for the ninth month in a row, driven by low inventories in important exporting countries.

On the other hand, there are signs of easing in the case of grain, the price of which rose by 1.2 percent in February.

"Looking ahead, the current signs point to a slight increase in world grain production in 2021," writes the FAO.

In 2021 there could be a bumper crop of 780 million tons.

Icon: The mirror

ssu / Reuters

Source: spiegel

All business articles on 2021-03-04

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