REUTERS/Danish Siddiqui/File photoGlobal food import costs are expected to rise 12% in 2021 to a record due to surging commodity prices and robust demand during the COVID-19 crisis, the United Nations food agency said.
The world's food import bill, including shipping costs, is projected to reach $1.715 trillion this year, from $1.530 trillion in 2020, the Food and Agriculture Organization (FAO) said in its twice-yearly Food Outlook report on Thursday.
Its monthly food price index hit a 10-year high in May, reflecting sharp gains for cereals, vegetable oils and sugar.
read moreThe FAO said a separate index of food import values, including freight costs that have also soared, reached a record in March this year, surpassing levels seen during previous food price spikes in 2006-2008 and 2010-2012.
A strong volume increase for staple food imports last year had already driven up global import costs 3% to a record.
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