How do the changes in food retailing affect food prices?

Food prices refer to the average price of particular food commodities globally and across countries.

The price of goods not only provide an important indicator of the balance between agricultural production and market demand, but also have strong impacts on food affordability and income. Food prices not only influence consumer affordability, but also influence the income of farmers and producers. In low-to-middle income countries in particular, a large share of the population is employed in agriculture. Producers typically benefit from higher food prices; consumers from lower prices. Food markets can therefore have a strong impact on food affordability, hunger and undernourishment and dietary quality.

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