# Soaring international prices aggravate Cuban food crisis

> Soaring international food prices are worsening Cuba's food crisis. Container shipping costs are up as much as 50% over the past year, and bulk freight has risen by more. The FAO food price index was up 30.8% through April.

- Date: 2021-05-20 · published 2021-05-20T12:00:00.000Z
- Category: market · region Cuba · magnitude low
- Page: https://feedsoft.ai/events/46994-soaring-international-prices-aggravate-cuban-food-crisis
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising global food prices and freight costs show broad upward pressure on import costs for food-importing countries. The article reports no direct new cause for feed commodity moves.

## Sources

- reuters.com: https://www.reuters.com/world/americas/soaring-international-prices-aggravate-cuban-food-crisis-2021-05-20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.