Video Duration 25 minutes 00 seconds
Food costs rose sharply in 2021, reaching highest stage in a decade, based on the United Nations.
As many nations pushed to reopen their economies final 12 months after months of lockdowns and tightly managed borders, economists started to warn of a brand new looming disaster: the rising value of meals.
The UN meals company says costs jumped 28 % throughout the 12 months, reaching their highest stage since 2011.
In December, they eased barely, however earlier than that had been climbing for 4 months in a row.
The surge is being blamed on quite a few components, together with provide chain bottlenecks and elevated prices for uncooked supplies and power.
What will it take to convey costs down?
Presenter: Kim Vinnell
Jane Battersby – Senior lecturer within the Department of Environmental and Geographical Science at University of Cape Town
Abdolreza Abbassian – Senior economist on the United Nations Food and Agriculture Organization
Dipa Sinha – Professor of economics at Ambedkar University Delhi