The latest statistics from the United Nations show that in December last year, global food prices hit a record high, more than the level of the food crisis two years ago.
According to news published on the United Nations website on the 5th, in December last year, a commodity index covering 55 kinds of foods prepared by the Food and Agriculture Organization of the United Nations (FAO) rose for the sixth consecutive month, reaching 214.7 points, exceeding the 213.5 set in June 2008. The previous high point. In November, the indicator was also reported at 206 points.
Specifically, sugar and meat prices rose the most, setting a record high. In 2010, the international sugar price rose for the third consecutive year, and the corn price recorded the largest increase in four years. The annual increase was as high as 52%. In December, the United Nations compiled a price index of sugar of 398.4 points, which was significantly higher than the 373.4 points recorded in November. The meat price index rose from 141.5 points to 142.2 points.
In addition to sugar and meat, the cereal price index rose to the highest level since August 2008, and the edible oil price index reached 263 points, the highest since July 2008.
FAO stated that global food production must increase by at least 2% this year in order to meet the demand for the next two years. In a report last November, the FAO warned that food prices may rise further in 2011 unless there is a significant increase in global grain production. Abahien, a senior economist at FAO, said that taking into account the many uncertainties that still exist, the prices of grain and other foods may continue to rise. In particular, if the drought in South America’s grain-producing countries persists and affects grain production, there may also be significant room for food price increases.
According to news published on the United Nations website on the 5th, in December last year, a commodity index covering 55 kinds of foods prepared by the Food and Agriculture Organization of the United Nations (FAO) rose for the sixth consecutive month, reaching 214.7 points, exceeding the 213.5 set in June 2008. The previous high point. In November, the indicator was also reported at 206 points.
Specifically, sugar and meat prices rose the most, setting a record high. In 2010, the international sugar price rose for the third consecutive year, and the corn price recorded the largest increase in four years. The annual increase was as high as 52%. In December, the United Nations compiled a price index of sugar of 398.4 points, which was significantly higher than the 373.4 points recorded in November. The meat price index rose from 141.5 points to 142.2 points.
In addition to sugar and meat, the cereal price index rose to the highest level since August 2008, and the edible oil price index reached 263 points, the highest since July 2008.
FAO stated that global food production must increase by at least 2% this year in order to meet the demand for the next two years. In a report last November, the FAO warned that food prices may rise further in 2011 unless there is a significant increase in global grain production. Abahien, a senior economist at FAO, said that taking into account the many uncertainties that still exist, the prices of grain and other foods may continue to rise. In particular, if the drought in South America’s grain-producing countries persists and affects grain production, there may also be significant room for food price increases.
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