United Nations Say Global Food Prices Post The Biggest Jump In A Decade

 

Straits Times/Financial Times: Global food prices post biggest jump in decade 

LONDON (FINANCIAL TIMES) - Global food prices have surged by the biggest margin in a decade, as one closely watched index jumped 40 per cent in May, heightening fears that the inflation initially stoked by pandemic disruption was accelerating. 

The year-on-year rise in the UN Food and Agriculture Organizations monthly index was the largest jump since 2011, as commodity prices surged. The higher inflation will hit poorer countries reliant on imports for staple goods. For richer countries, the cost of raw ingredients accounts for only part of the overall price paid for products at supermarkets and restaurants. 

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More News On Global food Prices 

UN: Cost of food rises at fastest pace in over a decade -- BBC  

Global Food Prices Surge to Highest in Almost a Decade, UN Says -- Bloomberg  

World food prices haven't climbed this high in almost a decade -- Financial Post  

UN says global food prices have reached their highest mark in a decade -- ABC News (Australia)