IAS Gyan

Daily News Analysis

World food price index

9th January, 2021 Economy

Context: World food prices rose for a seventh consecutive month in December, with all the major categories, barring sugar.

  • The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 107.5 points last month versus 105.2 in November.
  • It was still down more than 25% from its historical peak in 2011.

The Food and Agriculture Organization (FAO)

  • It is a specialized agency of the United Nations that leads international efforts to defeat hunger.
  • Its goal is to achieve food security for all and make sure that people have regular access to enough high-quality food to lead active, healthy lives.
  • With over 194 member states, FAO works in over 130 countries worldwide.

https://www.thehindu.com/business/world-food-price-index-rises-for-seventh-straight-month-in-december/article33523068.ece#:~:text=The%20Food%20and%20Agriculture%20Organization's,month%20versus%20105.2%20in%20November.&text=14%25%20in%20November.-,For%20the%20whole%20of%202020%2C%20the,was%20up%2019.1%25%20on%202019.