Market Situation in 2021 and 2021 Outlooks - West & Central Africa
|Post date||Monday, 29 March, 2021 - 14:21|
|Sources||Famine Early Warning Systems Network (FEWSNET), FAO, WFP|
The global food production increased in 2020 (FAO) but the demand for food is still high and rising. The increasing demand is a combination of the natural growth within the world population coupled with industrial and feed uses.
• In 2020, international food prices recorded the largest average annual increase since 2014. In 2021, food prices increased by 4.7% compared to December 2019. These price increases are due to a higher demand and soaring freight costs caused by the COVID-19 pandemic.