Rising world food prices causing concerns among people: IMF | Photo Credit: BCCL Global food prices have rallied to multi-year highs, triggered by Covid-19 pandemic-related supply chain disruptions and soaring transport costs, the International Monetary Fund (IMF) has said. More is likely to come since international food prices are expected to increase by about 25 per cent in 2021 from 2020, wrote IMF’s Christian Bogmans, Andrea Pescatori and Ervin Prifti in a new blog. They are expected to stabilise later this year. The recent sharp increase in international food prices has already slowly started to feed into domestic consumer prices…
News Timeline:
Track the development of this news story across the Internet.