{"id":542640,"date":"2022-01-09T04:14:21","date_gmt":"2022-01-09T04:14:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/09\/food-prices-surge-28-in-2021-us-is-now-the-worlds-biggest-lng-exporter\/"},"modified":"2022-01-09T04:14:21","modified_gmt":"2022-01-09T04:14:21","slug":"food-prices-surge-28-in-2021-us-is-now-the-worlds-biggest-lng-exporter","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/09\/food-prices-surge-28-in-2021-us-is-now-the-worlds-biggest-lng-exporter\/","title":{"rendered":"Food prices surge 28% in 2021 + US is now the world\u2019s biggest LNG exporter"},"content":{"rendered":"

<\/a> Global food prices soared as much as 28% in 2021 to the highest level in ten <\/strong>years<\/strong>, driven by poor weather, rising commodities prices and supply chain disruption, according to figures<\/a> from the UN Food and Agriculture Organization (FAO).<\/p>\n

Little respite:<\/strong> Prices fell back slightly in December, but according to FAO this is unlikely to signal an immediate trend reversal, with current market conditions expected to continue into 2022. \u201cThe high cost of inputs, ongoing global pandemic and ever more uncertain climatic conditions leave little room for optimism about a return to more stable market conditions even in 2022,\u201d said senior economist Abdolreza Abbassian.<\/p>\n

US replaces Qatar as world\u2019s biggest LNG exporter:<\/strong> The US eclipsed Qatar to become the world\u2019s largest LNG exporter for the first time in December amid a rise in shipments to Europe, whose energy supply crisis is driving prices to new record highs, according to Bloomberg<\/a>.<\/p>\n

Spiraling fertilizer prices took a breather in the US<\/strong>, where they fell back from a record high last week, seeing their biggest daily drop since 2009 on Friday, according to Bloomberg<\/a>. But the break in the months-long fertilizer rally \u2014 which has helped drive global inflation \u2014 will likely be short-lived, with major urea producers including Egypt sold out through February, one analyst said.<\/p>\n

Abu Dhabi\u2019s wealth fund is creating the UAE\u2019s biggest <\/strong>healthcare provider:<\/strong> Abu Dhabi sovereign wealth fund ADQ has agreed to merge five companies \u2014 Abu Dhabi Health Services Co. (SEHA), National Health Ins. Co. (Daman), Tamouh Healthcare, Yas Clinic Group, and Abu Dhabi Stem Cell Center \u2014 with Pure Health, Bloomberg<\/a> reports. Pure Health, which has partnered with the UAE government to conduct covid screening at the country\u2019s airports, will now become the country\u2019s largest healthcare provider, with ADQ as its biggest shareholder. The company is also gearing up to go public.<\/p>\n

PMI IN THE REGION-<\/strong><\/p>\n