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Global food prices reach their highest level since 2011

2021-11-04T10:43:19.484Z


World food prices rose again vigorously in October, reaching their highest level since July 2011, a ...


World food prices rose again vigorously in October, reaching their highest level since July 2011, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday.

The FAO food price index rose 3% from September to 133.2 points.

Over one year the increase is 31.3%, said the organization in a press release.

The indicator, which measures the monthly variation in international prices of a basket of basic food products, continues to approach its record level (137.6 points), recorded in February 2011.

Read also "Inflation compensation": the puzzle of specific cases

For the fifth consecutive month, the price of wheat rose in October, taking 5% month on month and 38.3% year on year.

It is at its highest since November 2012. This increase is explained in particular by tensions on the supply due to "reduced harvests in the main exporting countries, in particular Canada, Russia and the United States", according to the FAO.

For its part, the price of vegetable oils jumped 9.6% over one month, reaching an all-time high.

That of palm oil thus progressed for the fourth consecutive month.

In contrast, the FAO meat price index fell 0.7% from September.

Source: lefigaro

All business articles on 2021-11-04

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