‘Giant Leap’: Global Food Prices Stage Unthinkable Surge

"A giant leap." That's how the UN's food and agriculture organization described the latest monthly increase in a closely-watched gauge of global food prices. The FAO index rose an astounding 18 points last month (figure on the left, below) amid Russia's military incursion in Ukraine, which drove up the price of commodities and imperiled exports of key foodstuffs from "Europe's breadbasket." The 12.6% increase was the largest in history. A

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2 thoughts on “‘Giant Leap’: Global Food Prices Stage Unthinkable Surge

  1. H-Man, third world countries will bear the weight of this cross. While people in the US may go hungry at night, people in the third world will starve to death. We may have a humanitarian crisis in the making that overshadows Ukraine

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