Last Thursday, the food, and agriculture organization of the united nations reported global food prices rose for the third straight month in August, hitting their highest levels since February.
. On wednesday, Chin’s bureau of stastics said the country’s food prices rose 11,2% from a year rose in august on the back of high pork prices due to the African swine fever outbreak which has decimated China’s hog herds. in august, pork prices rose 52.6% from a year ago.
.Experts have said that while there is no pressing food shortage, farms have been roiled as the coronavirus pandemic upended supply chains and curbed movements.
Food prices are rising during the coronavirus pandemic, hitting food security. last thursday, the food and agriculture organization (FAO) of the United nations reported global food prices rose for the third straight month in august, hitting their highest levels since february, the FAO food price index tracks the international prices of the most commonly traded food commodities. the rise in food prices was due to firmer demand and a weaker dollar, the FAO said.as commodities, including raw material for food, is usually denominated in the greenback, a weaker dollar lends support to prices . on wednesday, China’s bureau of statistics said the country’s food prices rose 11.2% from a year ago in august on the back of high pork prices due to the African swine swine fever outbreak which has decimated China’s hog herds. in august, pork prices rose 52.6% from a year ago.
Hot and rainy weather in the country have also hit prices, with vegetable prices rising 6.4% from july . egg prices rose 11.3% in the same period due to seasonal demand outpacing low inventory levels .experts have said that while there is no pressing food shortage, farms have been roiled as the coronavirus pandemic upended supply chains and curbed movements.”as the coronavirus crisis unfolds, disruptions in domestic food supply chains, other shocks affecting food production, and creating strong tensions and food production, and loss of incomes and remittances arecreating strong tensions andfood security risks in many countries,” the world bank said last monday. although global food prices are generally stable, many countries areexperiencing varying levels of food price inflation due to measure taken to contain the spread of coronavirus, it added.
In july,a survey by agri business Olam found more than half of 2,400 smallholder farmer growing cocao, coffee, sesame, cotton,and other cropsin african and Indonesaiwere were experiencing shortagein basic food and nutrition due to movementrestriction food price increases andinsufficient stocks at home.