Business News of Friday, 7 January 2022<\/p>\n
Source: <\/strong>aviationghana.com<\/p>\n 2022-01-07<\/p>\n World food prices went up 28%\u202fin 2021 to their highest level in a decade, with hardly any prospect of recovery to more stable market circumstances this year, according to the United Nations Food Agency. <\/p>\n The Food and Agriculture Organization\u2019s (FAO) food price index, which analyses the most widely traded food items on a worldwide scale, averaged 125.7 points in 2021, the highest level since 131.9 in 2011.<\/p>\n The monthly index fell significantly in December after rising for four months in a row, indicating crop failures and robust demand during the previous year.<\/p>\n Higher food prices have led to a larger spike in inflation as economies recover from the impact of the Covid\u202fcrisis on agriculture products supply, and the FAO has cautioned that the higher costs are putting poorer populations in danger in import-dependent countries.<\/p>\n The food agency was skeptical in its recent assessment regarding whether pricing pressures will ease this year. \u201cWhile generally high prices are expected to lead to increased output, the high cost of inputs, continuing global pandemic, increasingly uncertain weather conditions leave some room for hopefulness about a come back to a more stable market situation even in 2022,\u201d said FAO senior economist Abdolreza Abbassian in a statement.<\/p>\n Fertilizer price increases, in turn, connected to spiralling energy prices, have raised the cost of so-called inputs needed by farmers to grow crops, casting doubt on yield predictions for next year\u2019s harvests. Pricing for all categories in the food price index except dairy goods declined in December, with vegetable oils and sugar decreasing considerably, according to the agency\u2019s monthly bulletin.<\/p>\n However, all index categories increased sharply in 2021, and the FAO\u2019s vegetable oil price index reached a new high.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Business News of Friday, 7 January 2022 Source: aviationghana.com 2022-01-07 File photo: Foodstuff displayed in a market World food prices went up 28%\u202fin 2021 to their highest level in a decade, with hardly any prospect of recovery to more stable market circumstances this year, according to the United Nations Food Agency. The Food and Agriculture […]<\/p>\n","protected":false},"author":1,"featured_media":220902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-739381","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/739381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=739381"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/739381\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=739381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=739381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=739381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"File](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2021\/09\/33352941.295.jpg\" "\\"File")
File photo: Foodstuff displayed in a market<\/span><\/span><\/p>\n<\/div>\n