Global food prices have been rising during the coronavirus pandemic, hitting food security
People wearing masks visit a market amid the coronavirus outbreak on March 8, 2020 in Kunming, Yunnan Province of China.
Liu Ranyang | China News Service | Getty Images
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 …continued .
[Source: CNBC News]