– Global food prices rose to a seven-year high in January
– The FAO anticipates an imminent drop in cereal stocks
– Many emerging markets are facing mounting food insecurity
– Increased regional integration and tech developments offer lasting solutions
An increase in food prices following the coronavirus pandemic has intensified concerns related to global food security. For emerging markets, this has further underlined the importance of regional cooperation and innovative solutions to help overcome the challenges.
The Food Price Index, established by the UN’s Food and Agriculture Organisation (FAO) to track monthly changes in international food prices, rose for the eighth consecutive month in January, primarily as a result of Covid-19.
The index averaged 113.3 points in January, a 4.3% rise against December and its highest level since July 2014.
The FAO Sugar Price Index saw…
