Food and Agriculture Organization forecasts that by the year's end, global spending on food imports will have increased by 10 percent from the previous year to reach "an…
The Food and Agriculture Organization forecasts that by the year's end, global spending on food imports will have increased by 10 percent from the previous year to reach "an all-time high" of US$1.94 trillion, due to currency depreciations and the war in Ukraine. "The bulk" of this increase in spending will be by high-income countries while food import "volumes are also expected to rise."
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The Food and Agriculture Organization forecasts that by the year's end, global spending on food imports will have increased by 10 percent from the previous year to reach "an all-time high" of US$1.94 trillion, due to currency depreciations and the war in Ukraine. "The bulk" of this increase in spending will be by high-income countries while food import "volumes are also expected to rise."