The Food and Agriculture Organisation (FAO) food price index has revealed that although world food prices fell slightly in December 2021 by 0.9 percent, the price is still up 23.1 percent from December 2020. The index tracks the international prices of the most commonly traded food commodities.
For 2021 as a whole, averaging across the entire year, the FAO Food Price Index averaged 125.7 points, as much as 28.1 percent above the previous year.
“While normally high prices are expected to give way to increased production, the high cost of inputs, ongoing global pandemic and ever more uncertain climatic conditions leave little room for optimism about a return to more stable market conditions even in 2022, ” said FAO Senior Economist Abdolreza Abbassian.
 food price index has revealed that global food prices hiked in 2021 by 23.1 percent in 2020){kind=link}