The Food and Agriculture Organization of the United Nations (FAO) reported on Friday (January 6th) that world food prices fell further in December and even fell back below their level of a year ago. , at the end of a year marked by soaring prices and inflation, reports a press release published on the UN news site.
The FAO food price index, which tracks the change in international prices of a basket of commodities, therefore ends the year 2022 lower than a year earlier, welcomes the UN body.
It notes that global food prices fell for the ninth consecutive month in December 2022, falling 1.9% from the previous month.
The FAO Food Price Index averaged 132.4 points in December, “i.e. 1% less than its value a year earlier”, specifies the organization which nevertheless draws attention to the fact that, for 2022 as a whole, “the index averaged 143.7 points, 14.3% higher than the average value for 2021”.
FAO’s Chief Economist, Máximo Torero, welcomed this situation of falling prices, saying that “it is a good thing that food prices are calming down after two very volatile years”, while inviting vigilance. .
“It is important to remain vigilant and continue to focus on alleviating global food insecurity as global food prices remain at high levels, with many commodities near record highs, and with rising rice prices, and still many risks associated with future supplies,” he also stressed.
By OMA Newsletter N° 1003 of 09/01/2023
Article published under the direction of Dr. Najib Kettani
The OMA, NGO with an Intercontinental vocation
For the development of cultural exchanges
Valuing human potential
The promotion and consolidation of Africa’s development, and
Inter-African integration
