Jump to content
House Price Crash Forum
Sign in to follow this  

World Food Prices Hit All Time High

Recommended Posts


World food prices rose to a record high in January, according to the UN's Food and Agricultural Organization (FAO).

The FAO Food Price Index, which measures the wholesale price of basic foods within a basket, averaged 231 points last month, up by 3.4% from December.

It is the seventh monthly rise for the index.

"These high prices are likely to persist in the months to come," FAO economist Abdolreza Abbassian said.

The individual group components of the index, apart from meat, all registered rises in January.

The Cereal Price Index averaged 245 points in January reflecting rises in the price of wheat and grain. This was driven higher by flooding in Australia, which is a major wheat exporter.

Share this post

Link to post
Share on other sites

This trend has been going on for quite a while now. I have been following a UK economist who feels that this trend has been a strong influence on the political crisis in Egypt and Tunisia as well as pointing to potential inflation for the rest of the world.

Commodity prices have continued their recent rises with the CRB spot index up a further 1.77 to 558.28 yesterday which is yet another recent high. If we take a look at the foodstuffs component it has now risen to 487.6. So those struggling to feed themselves in Egypt will find that the problem is getting worse as this latest surge in food prices which started in late November came from 400 on the foodstuffs index giving us a rise now of just under 22% in just over 2 months.


Share this post

Link to post
Share on other sites

World Food Prices Hit All Time High. Stock up on beans.

No! Sell beans! The time to stock up on beans was when world food prices hit an all time low.

I was going to pass wind then, but I believe it's contained............


Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.