Reuters: World food prices hit record high in 2022
PARIS (Reuters) -A surge in the cost of most food commodities last year, as the disruption caused by Russia’s invasion of Ukraine raised concerns of shortages, sent the U.N. food agency’s average price index to the highest level on record.
The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 143.7 points in 2022, up 14.3% from 2021, and the highest since records started in 1990, the agency said on Friday.
The index had already gained 28% in 2021 from the previous year as the world economy recovered from the impact of the pandemic.
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Update #1: Record food prices in 2022 due to Ukraine war and drought (Euronews/AP)
Update #2: Food prices hit record high in 2022 — driving inflation amid war, drought (NYPost)
WNU Editor: Even higher prices are expected in 2023 …. Global economy 2023: why there will still be plenty of pressure on food prices in the year ahead (The Conversation).