10 June 2021 — Tricontinental
Greetings from the desk of the Tricontinental: Institute for Social Research.
Each month, the UN’s Food and Agriculture Organization (FAO) releases a monthly food price index. The release on 3 June showed that food prices have surged by 40%, the largest rise since 2011. The impact of this food price rise will grievously hit developing countries, most of whom are major importers of food staples.