Description
Bank. Global food commodity prices stabilized in April 2024, following six consecutive quarterly declines. The World Bank’s food price index is projected to decrease by 6 percent in 2024 and 4 percent in 2025. However, several risks underpin these price forecasts, including energy and fertilizer costs, potential maritime chokepoints, and weather-related supply shortfalls. In the longer term, biofuel policies could affect food prices.
Institutions:
Authors:
- BM: Banco Mundial
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Languages:
- English
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