[ad_1]
The company’s Meals Value Index, which tracks month-to-month adjustments in worldwide costs, averaged 125.7 factors – a 28.1 per cent improve over 2020.
FAO Senior Economist Abdolreza Abbassian defined that, usually, excessive costs are anticipated to ease as manufacturing will increase to match demand.
This time, nonetheless, the constantly excessive value of inputs, the continuing world pandemic and ever extra risky weather conditions “go away little room for optimism a few return to extra secure market situations even in 2022.”
12 months’s finish
On the finish of the yr, world meals costs fell barely, as worldwide costs for vegetable oils and sugar fell considerably, the information exhibits.
The Meals Value Index averaged 133.7 factors, a 0.9 per cent decline from November, however was nonetheless up 23.1 per cent from the identical month the yr earlier than. Solely dairy posted an increase that month.
The Cereal Value Index additionally decreased 0.6 per cent; for the total yr, nonetheless, it reached its highest annual degree since 2012, rising 27.2 per cent.
Greatest gainers had been maize, up 44.1 per cent, and wheat, gaining 31.3 per cent. One of many world’s different key staple meals, rice, misplaced 4 per cent.
Oil and sugar
The Vegetable Oil Value Index declined 3.3 p.c in December, because of decrease world import demand, which may be linked to issues over the influence of rising COVID-19 instances, which have led to delays within the provide chain.
For the yr as an entire, the Oil Index reached an all-time excessive, rising 65.8 per cent in contrast with 2020.
One other key staple, sugar, dropped by 3.1 per cent final month from November, reaching a five-month low.
FAO analysts stated this exhibits issues over the influence of the Omicron variant on world demand in addition to a weaker Brazilian Actual, mixed with decrease ethanol costs.
For the yr as an entire, the Sugar Value Index rose 29.8 per cent, reaching its highest degree since 2016.
Meat and dairy
The Meat Value Index was “broadly secure” in December, however rose 12.7 per cent by the yr as an entire.
Dairy was the one class the place costs elevated within the final month of the yr, rising 1.8 per cent on November, largely due to decrease milk manufacturing in Western Europe and Oceania.
Cheese costs declined marginally final month, however for the yr total, the Dairy Value Index averaged 16.9 per cent greater than 2020.
[ad_2]
Source link