Global food prices rose in June for the first time since the beginning of the year this is stated in the report of the Food and agriculture organization of the UN (FAO).

the Index of food prices averaged 93.2 in June, which is approximately 2.4 percent higher than in the previous month. The price of vegetable oil jumped by 11.3 percent after declining for four consecutive months. Sugar became more expensive by 10.6 per cent, and dairy products — by 4 percent. Prices for cereals and meat fell by 0.6 percent in may.

According to the report, world cereal production is expected to reach a new record level of 2.7 billion tons in 2020. Forecasts of wheat production were raised for India and Russia.

In may world food prices reached a record low level in December 2018 due to the negative impact of the pandemic coronavirus. The may decline affected all categories except sugar.