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Food Price Index - May
June 18 , 2021
1059 days
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- United Nations announced recently that World food prices rose for the 12th consecutive month in in May.
- This is the highest level since September 2011.
- This announcement was made based on the Food Price Index released by the Food and Agriculture Organisation.
- On a year-on-year basis, prices were up 39.7 per cent in May.
- FAO also issued its first forecast for world cereal production in 2021.
- It predicted output of nearly 2.821 billion tonnes.
- It is a new record and 1.9 per cent up on 2020 levels.
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