20
Jun
Niël Terblanché The Food and Agriculture Organization of the United Nations (FAO) has stated that the world food import bill is forecast to reach a new record this year. According to a report by the FAO, it is estimated that the global food bill will rise to US$1.98 trillion in 2023, up 1.5 percent from 2022. It rose by 11 percent in 2022 and 18 percent in 2021. The report states that the most economically vulnerable countries will be severely impacted by higher food prices that are driven by dampened demand. According to the FAO, food imports by advanced economies…