Year of surging food prices
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Global food prices in July were up 31% from the same month last year,
driven by a surge in the international prices of vegetable oils and sugar, according to data compiled by the United Nations
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International food prices
(change on year earlier)

1.91 7.43 17.10 25.24 31.93 40.44 33.83 30.99

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul

% 40 30 20 10 0

Price increases (Jul 2020-Jul 2021)
   
Global shipping container shortage: Pushes freight costs to near record highs
                      
Vegetable oils 66.7%
Sugar 44.2%
Cereals 29.5%
Meat 19.6%
Dairy 14.4%
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Source: UN Food and Agriculture Organization Picture: Getty Images © GRAPHIC NEWS