Post date | Monday, March 29, 2021 - 14:21 |
Document Type | Report |
Content Themes | Markets |
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.
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