Market Situation in 2021 and 2021 Outlooks - West & Central Africa

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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