Posted 3 февраля 2022,, 17:17

Published 3 февраля 2022,, 17:17

Modified 24 декабря 2022,, 22:38

Updated 24 декабря 2022,, 22:38

The UN announced a record rise in food prices around the world

The UN announced a record rise in food prices around the world

3 февраля 2022, 17:17
Фото: 1MI
According to the Food and Agriculture Organization of the United Nations (FAO), the world food price index in January rose by 1.1% compared to December 2021, to 135.7 points. This is the highest level since April 2011.

Experts point out that the reason for this trend is a significant increase in prices for vegetable oil and dairy products. At the same time, sugar remains the only product that has fallen in price.

According to RIA Novosti, referring to analysts, the vegetable oil price index rose by 4.2% versus December, or by 7.4 points, to 185.9 points. Prices for palm, soybean, rapeseed and sunflower oil rose.

Dairy products also became more expensive, the price index for which in January rose by 2.4%, or 3.1 points, to 132.1 points. Growth is observed for five months. This was mainly reflected in dry and ordinary milk and butter.

Grains in the first month of this year rose in price slightly - by only 0.1 points - up to 140.6 points. Basically, corn rose in price - by 3.8% against the background of fears around the drought in the southern hemisphere.

Rice increased in price by 3.1% due to a possible crop failure.

Wheat fell in price - by 3.1% due to a seasonal increase in supply from Australia and Argentina.

The sugar price index in January amounted to 112.8 points (down 3.7 points, or 3.1%).

In Russia, the first ten days of January were already marked by record rises in prices . Prices rose by 0.56%, and the annual inflation rate reached a record 8.61% for the past six years.

At the same time, at the end of 2021, the UN warned that prices on the world food market would continue to rise. They estimate that global food imports will hit a record $1.75 trillion by 2022, up 14% from 2020 and 12% higher than forecast in June 2021.