Poultry prices rose 3% as the overall meat index increased to match April's record 180.4 points, according to the United Nations' Food & Agriculture Organization's latest report.
The global food index, currently at 233.8 points for 55 food commodities, is a symptom hinting at prices that may double in the next two decades, according to the FAO. "High feed prices are making their way into those sectors," said Abdolreza Abbassian, a senior economist at the FAO. Experts have said that they expect price swings to remain even as demand continues to increase with a growing global population.
