Food volume down in low-income countries as global food import rises: FAO

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Food volume down in low-income countries as global food import rises: FAO

STORY: Food volume down in low-income countries as global food import rises: FAO DATELINE: Nov. 12, 2022 LENGTH: 00:00:37 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of the Rome-based United Nations Food and Agriculture Organization 2. A shot of FAO Food Outlook report 3. various of farmland STORYLINE: The global bill for food imports is estimated to come in at 1.94 trillion U.S. dollars this year, according to information released Friday by the United Nations Food and Agriculture Organization (FAO). The figure is the highest ever recorded for this data point, and around 10 percent higher than in 2021, the FAO said. However, despite the dramatic rise in the global food import bill, the FAO said the rate of increase is likely to slow down going forward. This is due to rising global food prices that are making countries more dependent on domestic production, and a trend that is seeing most currencies depreciating against the U.S. dollar, the baseline currency for calculations. The FAO said most

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