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World food prices jump to highest levels since July 2014

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World food prices jump to highest levels since July 2014

timestampFeb 05, 2021 authorAlShorts Web Desk

World food prices surged for 8th consecutive month in January, reaching its highest since July 2014. UN FAO stated that the jump was led by cereals, sugar and vegetable oils, and was at average 113.3 points in January 2021 versus 108.6 in December 2020. FAO’s food price index showed a rise in cereal prices by 7.1% in January, while vegetable oil index rose 5.8%, reaching highest since May 2012.

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