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Global food prices hit their highest level in a DECADE
Published on: 2021-10-19
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Global food prices are rising rapidly due to damaged supply chains, high shipping charges, COVID-19 pandemic-related disruption and the impact of climate change in the form of extreme heat waves, floods and droughts.
 

The UN Food and Agriculture Organization said in a recent report that food prices rose by 33% year-on-year in August, following a 31% rise in July.
 

Costlier food has disproportionally affected people in poorer developing countries and consumers on low incomes in wealthy nations, forcing them to cut down on some foods or reduce consumption.
 

Price rises this year have been steep and reported around the world.
 

In Canada, for example, prices of round steak rose by 6% from March to July and prime rib roast prices have grown by about 15%, according to Statistics Canada.
 

Sylvain Charlebois, director of the Agri-Food Analytics Lab at Dalhousie University in Canada, said food prices could rise by 5% on average this year.
 

In Europe, food producers have seen prices rise by more than 20 percent. François-Xavier Roger, chief financial officer at Swiss food giant Nestle, said during the Barclays Global Consumer Staples Conference last month, "The food sector is witnessing its highest level of inflationary pressure since 2011."
 

China may be the only major economy spared the worst impacts of the price rises, due to government purchases to shore up supplies, along with relatively subdued inflation.
 

The main reason for the price hikes appears to be supply shortages caused by a combination of natural disasters, drought and shipping issues.
 

全球食品价格创十年新高

联合国发布的数据报告显示,全球粮食价格于9月创下了2011年以来的新高。在过去一年内,全球市场食品价格上涨了近三分之一。涨幅最大的食品类别为植物油、谷物、糖和乳制品。
 

报道称,专家们认为是新冠疫情导致了上述现象。他们表示,防疫限制措施打破了食品市场的供求平衡。此外,随着石油和天然气价格上涨,货物运输价格也明显提高。
 

联合国粮食及农业组织7日宣布,今年9月全球食品价格指数达到130,环比上涨1.2%,同比上涨32.8%,为2011年9月以来的最高值。

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