by Giuliana Viglione
Carbon Brief
Spiking food prices have made headlines around the world this year, from eggs in the US to vegetables in India.
The UN Food and Agriculture Organization’s Food Price Index has been slowly increasing over the past six months following declines over much of 2023.
For example, the price of orange juice concentrate in the US was 42% higher in April than it was a year ago, while the price of fresh orange juice in the UK has risen 25% over the last year.
In Greece, the price of olive oil rose by nearly 30% over 2023 and by more than 63% in April of this year.
No single factor alone can explain the rising prices.