On global markets, the prices of grains, vegetable oil, dairy and other agricultural commodities have fallen steadily from record highs. But the relief hasn t made it to the real world of shopkeepers, street vendors and families trying to make ends meet.
While global food markets have seen falling prices for a few months, consumers continue to struggle to buy basic needs. To cope, restaurants around the world have changed their menus, and some individuals turn to more affordable, vegetarian diets.
The United Nations says food prices have fallen for 12 straight months, yet somehow exorbitant food prices that people have little choice but to pay are still.
The United Nations says food prices have fallen for 12 straight months, yet somehow exorbitant food prices that people have little choice but to pay are still.
Food prices were already running high when Russia invaded Ukraine in February last year, disrupting trade in grain and fertilizer and sending prices up even more.