Jan. 7 (UPI) — World food prices hit a three-year high in 2020, a U.N. food agency said Thursday.
The United Nations Food and Agriculture Organization Index averaged 97.9 points in 2020, a 3.1% increase from 95 points in 2019, and the highest since it averaged 98 points in 2017, a U.N. FAO press release shows.
The FAO noted that the three-year high is still well below its peak of 131.9 points in 2011.
In December, the index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 107.5 points, after increasing for the seventh straight month.