World food price index jumps to almost 6-year high

World food price index jumps to almost 6-year high

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[03 December, Bangkok Post]

World food prices had the sixth consecutive increase to 105.0 in November, hitting almost a six-year high, according to the UN Food and Agriculture Organization (FAO). The index measures monthly changes for a basket of food including cereals, oilseeds, dairy products, meat and sugar. FAO also said that worldwide cereal harvests remained on course to hit an annual record in 2020.

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