Global food prices declined from record highs in 2022, the UN says. Except for these two staples
FILE - Freshly baked bread is displayed in Babushka Bakery in Budapest on Tuesday, April 11, 2023. Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday, Jan. 5, 2024. (AP Photo/Denes Erdos, File)
ROME (AP) — Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, was 13.7% lower last year than the 2022 average, but its measures of sugar and rice prices growing in that time.
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