World Food Price Index 2021: Food and Agriculture Organization

World Food Price Index 2021: Food and Agriculture Organization

10 January 2021 Current Affairs: the Food & Agriculture Organization has released its Food Price Index which was 107.5 points in December 2020. in the year 2021, an increase of 2.3 points can be seen.

• In the year 1996, The food price index was created as a public good.
• The Price Index is called as a public good that aims to watch the development of the global agricultural market.
• The FAO Food Price Index (FFPI) is also a step of monthly changes.
• The Index covers changes in a basket of grains, oilseeds, dairy products, meat and sugar.
• The year 2014-16 is known as a Base period.

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