The UN Food and Agriculture Organization (FAO) reports that its overall Food Price Index averaged 122.0 points in 2024, reflecting a 2.1 per cent decline compared to 2023.

However, food prices showed an upward trend throughout the year, rising from 117.6 points in January to 127.0 in December, an increase of 6.7 per cent over the year.

Key contributors to the rise included meat, dairy, and food oils.

Despite the slight annual dip, FAO emphasizes the ongoing volatility of global food prices.

Economist Patrick Muinde highlights the need for governments and international organizations to implement urgent measures to stabilize food prices and cushion both consumers and farmers against these fluctuations.

The UN Food and Agriculture Organization (FAO) reports that its overall Food Price Index averaged 122.0 points in 2024, reflecting a 2.1 per cent decline compared to 2023.
However, food prices showed an upward trend throughout the year, rising from 117.6 points in January to 127.0 in December, an increase of 6.7 per cent over the year.
Key contributors to the rise included meat, dairy, and food oils.
Despite the slight annual dip, FAO emphasizes the ongoing volatility of global food prices.
Economist Patrick Muinde highlights the need for governments and international organizations to implement urgent measures to stabilize food prices and cushion both consumers and farmers against these fluctuations.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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