Global Food Prices Rise 40 Percent, China’s Surging Food Demand a Big Factor

Global Food Prices Rise 40 Percent, China’s Surging Food Demand a Big Factor
Food trucks wait to enter China near Muse, close to the Chinese border in Shan state, Myanmar on April 20, 2020. Phyo Maung/AFP via Getty Images
|Updated:

Global food prices have risen for the twelfth month in a row, (39.7 percent in May from a year earlier), the highest since September 2011, according to the latest figures from the UN Food and Agriculture Organization (FAO). There are concerns that China, the world’s largest food importer, will face a food crisis.

According to a report released by the FAO on June 3, the average food price index in May was 127.1 points, up 4.8 percent from April and 39.7 percent higher than May 2020. It is only 7.6 percent below the peak of 137.6 that occurred in February 2011.