The Food and Agriculture Organization of the United Nations (FAO) has summed up the results of 2021. Analysts said that the food price index in the world rose by 28.1%, according to the Agency for Oil and Gas Information.
The Food Price Index measures changes in the cost of the world’s most popular food products. At the end of 2021, the average value of the index was 125.7 points.
“Under normal conditions, high prices lead to increased production, but rising prices for inputs, the ongoing global pandemic and increasingly unpredictable weather conditions leave little to no hope of stabilizing the market in 2022,” said FAO Senior Economist Abdulreza Abbassian.
The average value of the index in December 2021 was 133.7 points, which is 23.1% more than in the same period in 2020.
The current year has been the peak for the growth in food prices in Russia. This opinion was expressed by the chairman of the Federation Council Valentina Matvienko. The Senator drew attention to the need to continue to contain their value.