Global Food Price Index Fell Sharply by 8.6% Month-On-Month In July

global food price index fell sharply
August 23, 2022 ( PR Submission Site )

The latest data released by the Food and Agriculture Organization of the United Nations shows that the food price index fell sharply by 8.6% month-on-month in July.

The first is the impact of sudden crisis events on market expectations. The global spread of the new crown pneumonia epidemic has led to logistics obstructions in some countries, and international food trade has also been blocked for a short time, making many countries unstable, and many countries are worried that the spread of the epidemic will affect their domestic food supply, resulting in a structural shortage of global food supply.

The outbreak of the Russian-Ukrainian conflict at the end of February 2022 also brought a new round of structural supply and demand contradictions to grain. Russia and Ukraine are the world’s leading wheat exporters, and the Conflict between Russia and Ukraine has interrupted wheat supply, making it impossible for many importers who rely on the Russian and Ukrainian markets to buy food.

In addition, the Fed’s unlimited quantitative easing monetary policy in March 2020, which continued until April this year, was the fundamental driver of a sharp rise in global food prices.

There is still uncertainty about the trend of grain prices in the second half of this year. Although the WTO reached the Ministerial Declaration on Emergency Response to Food Security issues and the Ministerial Decision on exempting the World Food Programme from export prohibitions or restrictions on grain purchases in June, Ukraine has also resumed food exports, which has a positive effect on promoting the expected stability of the global food market and the correction in food prices, this correction is a correction against the background of record high prices for global food prices, which are still at the highest level in history and the alarm for the global food crisis has not been lifted.

The main problem to solve the food crisis is to increase the country’s food production, which may be due to weather and climate and other reasons, resulting in poor harvest or even cannot be planted, but cheap led grow lights can help solve these problems, regardless of the weather restrictions, can be planted anywhere, but also can help improve the yield of food, is a good way to solve this problem.

As for Auxgrow, he is actually committed to helping people solve the food crisis, so he chose to create led lights for growing plants that can shorten the growth cycle of plants and increase production no matter when and where they are, without any constraints. Is an innovative and dynamic manufacturer focused on the development, production, and sales of horticultural lighting and hydroponic systems?

In order to cope with the whole food price crisis, in the future, the society should work together to choose cheap led grow lights, improve food production capacity, strengthen the construction of infrastructures such as grain production, reserves, and logistics, and enhance its ability to cope with the impact of the global food crisis. At the same time, if you want to know about a variety of led lights for growing plants, you can also find them on our website.


The impact of the new crown pneumonia epidemic, the conflict between Russia and Ukraine, and the Federal Reserve's opening of unlimited quantitative easing monetary policy are all the reasons for the rise in global food prices, so what should we do, the use of LED plant growth lights to make plants grow all year round in unlimited areas is a good way.

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