Food Prices Are Soaring Worldwide – Here’s Why and What Comes Next

 

Gary McFarlane, Economy Watch

7, October 2021

 

Global food prices are rising along with many other commodities and constitute a major part of the inflation picture.

 

According to UN Food and Agriculture Organisation’s biannual global food outlook, prices had risen by 40% in the 15 months to June and the trend has continued. That is the largest increase since 2010-11, which students are geopolitical events will know was one of the major triggers of the so called Arab Spring that red to a revolution in Egypt and upheaval elsewhere.

 

Now the latest data from the FAO shows prices up 30% in the past 12 months alone.

 

In other words, high food prices is not just an economic problem but a social one. And it is even more of a problem – economically and socially – in developing countries, where people spend proportionally more of their income on food.

 

Food price inflation threat to economic recovery ...

 

Climate change and droughts hurting food production ...

 

Not all the fault of the Covid but it played its part ... 

 

Producer prices surge will feed through to consumer food prices ...  

 

Where next for world food prices? ...   

 

more, including links, charts 

https://www.economywatch.com/news/food-prices-are-soaring-worldwide-heres-why-and-what-comes-next