World food prices are at their highest level since July 2011, partly reflecting lower wheat harvests by large exporters and higher palm oil prices, the agency reported Thursday. the UN for food.
The Food and Agriculture Organization of the United Nations (FAO) said international prices for its food basket rose 3% in October, for a third consecutive month of increases.
The reduction of harvests of large exporters such as Canada, Russia and the United States contributed to the rise in wheat prices by 5%, while the Vegetable Oil Price index rose 9.6% in October, reaching its highest level. The shortage of migrant workers in Malaysia was a factor in that increase.
Italy, a major exporter and consumer of pasta, fears that product prices could rise by the end of the year holidays. To produce its pasta, Italy imports 40% of its durum wheat, with Canada being its main supplier.
Experts say that the price of a package of pasta could go up by 20 cents (almost 24 cents), which for many popular brands could amount to a 15-20% increase in a product that many Italians consume daily. .
The Cereal Price Index of the FAO it rose by 3.2% from September to October.
The FAO said that world cereal reserves “are heading for a contraction in 2021-2022″ According to your forecast. That reflects cuts in wheat production estimates in Iran and Turkey, as well as in the United States, he said.
Rising energy and supply chain costs have also been mentioned as a factor in raising food prices for consumers.
.
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
