Global Food Prices Increased in September, Reached Decade High

Global Food Prices Increased in September, Reached Decade High


Global food prices have reached a decade high and increased for the second month in a row in September, according to a Thursday report from the Food and Agriculture Organization (FAO).

The FAO Food Price Index (FFPI), which measures the monthly change in international prices of a basket of food commodities, averaged 130.0 points in September 2021 — that rate is 32.1 points higher than the same month last year and up 1.5 points from August. The FFPI has not reached these levels since 2011 when it hit 131.9.

The increase was largely spurred by “tightening supply conditions and robust demand for staples such as wheat and palm oil,” the FAO reported.

In this Sept. 7, 2021, file photo, people stock up on food

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