Jan 07, 2023
By Jeremy Logan
Even though they had been declining for nine consecutive months, global prices for agricultural commodities including grains and vegetable oils were the highest ever last year.
Inflation has increased and hunger levels around the world have gotten worse due to Russia’s conflict in Ukraine, among other issues.
The Food Price Index for December decreased, according to the United Nations Food and Agriculture Organization.
However, according to its data, the index reached its highest point in 2011 since F.A.O. records first began in that year.
Russia’s invasion of Ukraine in February created a food crisis because the two countries were leading global suppliers of wheat, barley, sunflower oil and other products, especially to nations in parts of Africa, the Middle East and Asia already struggling with hunger.