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Global Food Price Escalation Continues

 

Touch the Soil News #1764 (Feature Photo – Food Price Graph – Kelp4Less)   

The Food and Agriculture Organization (FAO) is division of the United Nations. Among a variety of duties, the FAO maintains the international Food Price Index. By following price increases in the categories of meat, dairy, cereal grains, vegetable oils and sugar, the FAO tracks monthly increase going back to 2003, when the index stood at 57.8. As of November 2021, the index stood at 134.4.

Of concern, is that since November 2020, global food prices have gone up 28 percent. The chart above illustrates the overall upward trend since November 2020 to November 2021. You can read the full story here: https://www.fao.org/worldfoodsituation/foodpricesindex/en/

Below is a short video from South Korea, the must import much of the food it eats.

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