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Surging food import costs threaten world's poorest, FAO warns
  + stars: | 2021-06-10 | by ( Gus Trompiz | ) + 0.00   time to read: +3 min
The world's food import bill, including shipping costs, is projected to reach $1.715 trillion this year, up 12% from $1.530 trillion in 2020, the FAO said in its twice-yearly Food Outlook report on Thursday. Nations classed as Low-Income Food-Deficit Countries by the FAO are forecast to see food import costs jump 20% this year, with tourism-reliant economies in a particularly precarious position, the agency said. read moreThe FAO's monthly food price index hit a 10-year high in May, reflecting sharp rises for cereals, vegetable oils and sugar. read moreA separate index of food import costs, 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, the FAO said. A strong volume increase for staple food imports last year had already driven up global import costs by 3%, to a record high.
Persons: Danish Siddiqui, Josef Schmidhuber, Schmidhuber Organizations: REUTERS, Danish, . Food Agency, Food and Agriculture Organization, FAO, Reuters, Food, Nations, International, Thomson Locations: Mumbai, India, Yemen, Nigeria, Argentina, Russia, China
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