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Skyrocketing #global #foodprices, panicked low income and poorer fringes of the population facing severe #hardship, struggling #emergingmarkets and #SriLanka on the verge of #anarchy - all wrapped up in a massive #market sell-off: what is happening 🌎 ❓
Things did not improve in April on #food prices:
the #FAO Food Price Index fell 0.8% month-over-month to 158.5 points in April 2022, but still remained close to the all-time high of 159.7 points in March.
the #FAO Food Price Index fell 0.8% month-over-month to 158.5 points in April 2022, but still remained close to the all-time high of 159.7 points in March.
#vegetableoil prices declined significantly (-5.7%) after hitting an all-time high in March under pressure from #palm, #sunflower and #soybean #oils.
In addition, #grain prices fell slightly (-0.4%), after also rising to all-time highs in March.
In addition, #grain prices fell slightly (-0.4%), after also rising to all-time highs in March.
