FAO: world food prices rose 28.1% year-on-year in 2021

The food price index of the Food and Agriculture Organization of the United Nations (FAO) reached an average of 125.7 points in 2021, which represents 28.1% more than the previous year, it reported in a statement.

The FAO explained that this rate in December averaged 133.7 points, which represents a decrease of 0.9% compared to November – due to the notable drop in international prices of vegetable oils and sugar from their previous high levels- , but it is still 23.1% more than in December 2020.

“While high prices are normally expected to lead to increased production, high input costs, the current global pandemic and conditions of increasing climatic uncertainty leave little room for optimism regarding recovery conditions. more stable sales even in 2022″ Lamented the senior economist of the FAO Abdolreza Abbassian.

The organization of the HIM-HER-IT said the cereal price index fell 0.6% from November, due to lower prices of wheat for export as a result of an increase in supplies after harvests in the southern hemisphere that more than offset the rise in corn prices , sustained by strong demand and concerns raised by the persistent dryness in Brazil.

But for the year as a whole, it reached its highest level since 2012 and was on average 27.2% more than in 2020.

The price index of vegetable oils decreased 3.3% in December, but in 2021 it marked its highest level of all time, with an increase of 65.8% since 2020.

The prices of the sugar They fell 3.1% in December from November, but increased 29.8% in 2021 compared to the previous year and reached their highest point since 2016.

The price index of the meat remained stable in December, but was 12.7% higher in 2021 than in 2020, and that of dairy products was the only sub-index that increased in December, 1.8% compared to November, while in 2021 it was 16.9 % higher than in 2020.