Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
FAO's overall Food Price Index
averaged 122.0 points 2.6 points or 2.1 percent lower than the average value in
2023. However, food prices increased
over the course of the year, with the index climbing from 117.6 points in
January to 127.0 in December.
The index rose 6.7 percent from
December 2023 to 2024, with meat, dairy and food oils accounting for the
increase.
The United Nations' food agency
tracks monthly and global changes in the international prices of a set of
globally traded commodities.
Food prices also remain considerably
higher roughly 26 percent than they were five years ago.
The
disruption to global trade during the Covid-19 pandemic initially saw food
prices dip but they later climbed higher amid the surge in inflation as the
global economy rebounded. Russia's invasion of Ukraine in February
2022 sent them spiking to records, since both nations are major wheat
exporters, but efforts to ensure shipments were not blocked led to prices
easing lower until the beginning of 2024.
The dip in the average value for the
index between 2023 and 2024 was mainly due to falls in cereals and sugar
prices.
Cereals dropped 13.3 compared to
2023, and the FAO's sugar price index fell 13.2 percent.
The decreases were offset in part by
a 9.4-percent rise in the vegetable oil price index.
