Developing countries to pay higher food import bill this year as costs stay high – U.N.

  • Date: 11-Jun-2021
  • Source: Salaam Gateway
  • Sector:Economy
  • Country:Middle East
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Developing countries to pay higher food import bill this year as costs stay high – U.N.

The world's food import bill is forecast by the United Nations' Food and Agriculture Organisation to jump by 12% to a record $1.715 trillion this year on increased costs.

Developing countries will pay a higher price than developed nations, said an FAO report released on Thursday (June 10).