Phone: (+234) 704 444 9080 Email: info@seedmechhubs.com

Global Food Prices Rebound in August – FAO

The Food and Agriculture Organisation of the United Nations (FAO) has said that the global food commodity prices rebounded quickly in August after a second consecutive month of decline.

This was revealed by the FAO Food Price Index report which tracks the international prices of the most commonly traded food commodities released on Thursday.

The report which averaged 127.4 points in August 2021 was up by 32.9 percent from the same period in 2020.

“The rebound in August after two consecutive months of decline was led by strong gains in the sugar, vegetable oils, and cereal sub-indices,” FAO Food Price Index report read in part.

The post Global Food Prices Rebound in August – FAO appeared first on AgroNigeria.

Sourced from Agro Nigeria

Leave a Reply

×