CAIRO – The FAO Food Price Index (FFPI) reached 10-year high in 2021, averaging 133.7 points in December 2021, down 1.2 points (0.9 per cent) from November, but still up 25.1 points (23.1 per cent) from December 2020.
Except for dairy, the values of all sub-indices encompassed by the FFPI registered monthly declines, with international prices of vegetable oils and sugar falling significantly month-on-month.
For 2021 as whole, the FFPI averaged 125.7 points, as much as 27.6 points (28.1 per cent) above the previous year with all sub-indices averaging sharply higher than in the previous year, the cabinet media center said on Thursday.
The FAO Cereal Price Index averaged 140.5 points in December, down 0.9 points (0.6 per cent) from November.
The FAO Vegetable Oil Price Index averaged 178.5 points in December, shedding 6.1 points (or 3.3 per cent) from recent record highs.
The FAO Meat Price Index averaged 111.3 points in December, marginally changed from November and 16.5 points (17.4 per cent) above its year-earlier value.
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