Affected by the epidemic and global inflation, global food prices have risen sharply in the past year. According to the food and Agriculture Organization of the United Nations, as of March this year, global food prices have risen for 10 consecutive months and reached the highest level since June 2014.

The rise in food prices in the past year is partly due to the decline in food production due to the impact of the epidemic. It is reported that in 2020, international grain production will decrease by more than 20%. On the other hand, it is because countries, especially the developed countries in Europe and the United States, issue more currencies, which makes global inflation rise.

Among all kinds of grain, as one of the most important, the price of grain has increased by 26.5% in the past year. In addition, soybean and corn prices have also increased significantly, with corn prices rising by more than 42%.