Posted 1/5/2024, 7:00:40 PM
Global Food Prices Fall From 2022 Highs But Ongoing Challenges Remain
- Global food commodity prices fell in 2023 from record highs in 2022, according to the UN Food and Agriculture Organization
- Prices dropped despite ongoing challenges like climate change, conflicts, and trade bans worsening hunger
- Rice and sugar prices rose last year due to weather impacts on Asia growing regions
- India's rice export restrictions and Thailand drought raised rice prices, hurting poor nations
- Ukraine war fallout eased as countries found alternate wheat sources, with prices now below pre-war levels