World food prices hit nearly 6-year high in November

According to a report published on the organization’s website, the food price index reached its highest value since 2014. (Pexels photo)

ROME – Global food commodity prices rose sharply in November, reaching their highest level in nearly six years.

The Food and Agriculture Organization (FAO) of the United Nations reported on Thursday, the average value of the FAO food price index, which reflects monthly changes in international prices for basic foodstuffs, was 105.0 points in November, which is 3.9 percent higher than in October, and 6.5 percent more than in 2019.

According to a report published on the organization’s website, the food price index reached its highest value since 2014. The FAO cereal price index rose by 2.5 percent compared to October, sugar by 3.3 percent, and meat by 0.9 percent. It was noted that the FAO dairy price index increased by 0.9 percent and reached an almost 18-month high.

The organization also listed factors that threaten global food security, including the coronavirus disease 2019 (Covid-19) pandemic, hurricanes in Central America, and floods in Africa. (TASS)