Rising food prices are a concern but no reason for panic yet
BY SARA GUSTAFSON, JOSEPH GLAUBER,MANUEL HERNÁNDEZ, DAVID LABORDE,BRENDAN RICE AND ROB VOS Global food prices are on the rise. FAO’s Food Price Index indicates prices in international markets have risen by 40% from a year ago (May 2020). Prices of vegetable oils in particular have surged, showing an increase by almost 110% over the past year. Other commodity prices, like those for