https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Global food prices climb at quickest rate since 2010, U.N. agency says, Forex-News, Forex-News
Bitcoin
$39,972.26
-580.26
Ethereum
$2,546.99
-9.39
Litecoin
$173.68
-1.04
DigitalCash
$170.79
-3.39
Monero
$275.71
+9.34
Nxt
$0.03
-0
Ethereum Classic
$57.64
-1.33
Dogecoin
$0.32
-0.01

Global food prices climb at quickest rate since 2010, U.N. agency says

3
, Global food prices climb at quickest rate since 2010, U.N. agency says, Forex-News, Forex-News



, Global food prices climb at quickest rate since 2010, U.N. agency says, Forex-News, Forex-News

June 4 (UPI) — Food prices around the world climbed in May at their fastest rate in more than a decade, according to a United Nations analysis.

The Food and Agriculture Organization’s Food Price Index averaged 127.1 points last month, which amounted to an increase of almost 4% over April. Compared to May 2020, prices were up 40%.

The index, which tracks monthly changes to the global costs of commonly-traded food commodities, is at its highest value level since September 2011. The April-to-May rise is the index’s largest since 2010.

It said global wheat prices slowed in late May, but were almost 7% higher than they were in April. Increases in vegetable oil, sugar, meats and dairy indices were also seen last month.

The FAO said the price index is now just 7.6% off the all-time mark, which was set in February 2011.

The organization noted, however, that world cereal production is heading for a record high.

“The FAO cereal price index increased 6% from April, led by international maize prices, which averaged 89.9% above their year-earlier value,” the group said in a statement Thursday.

“However, maize prices started to retreat at the end of May, mostly on improved production prospects in the United States.”

.



, Global food prices climb at quickest rate since 2010, U.N. agency says, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Global food prices climb at quickest rate since 2010, U.N. agency says, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More