Discover and read the best of Twitter Threads about #globalfoodindex

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#RetailInflation in May 2021 is 6.3%,Vs 4.23% in April

Core Inflation is 6.6%,Vs 5.4%
Food Inflation is 5.01% Vs 1.96%

Despite uptick,@narendramodi
govt has done very well to rein in #Inflation

Global Food Index in May is up 39.7% YoY,due to drought in many parts of the globe
#GlobalFoodIndex is measured by
#FAO Food Price Index,#FFPI,which is a measure of monthly changes in international prices of a basket of #food commodities;It consists of average of five commodity group price indices,weighted by average export shares of each group over 2014-2016
Why have #Food prices surged globally?

Argentina saw a big drought

Ukraine&Russia also suffered from drought&inclement weather

Indonesia&Malaysia,biggest producers of #PalmOil,have curbed exports,as govts in these countries have made blending of Palm Oil,with fuel,mandatory
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