News Snapshot:
Food prices hit two-decade high, threatening the world’s poorest A global index released Thursday by the United Nations Food and Agriculture Organization showed that food prices in January climbed to their highest level since 2011, when skyrocketing costs contributed to political uprisings in Egypt and Libya.Even before the pandemic, global food prices had been trending upward as disease wiped out much of China’s pig herd and the US-China trade war resulted in Chinese tariffs on US agricultural goods.While food prices appear set to stabilise, events like a conflict in Ukraine, a major producer of wheat and corn, or further adverse...
