Nhiovl155
May 23, 2021
Writing Feedback / The graph below shows changes in global food and oil prices between 2000 and 2011 [2]
The line graph compares the average price of a barel of oil with the food index from 2000 to 2011.
Overall, the value of both oil and food witnessed upward trends over the eleven-year period. In addition, the changes of both commodities were relatively similar.
In particular, in the year 2000, food price index was around 20 points, while oil cost roughly 20$ per barrel. Thereafter, there were insignificant rises in both figures to about 110 points for the former and 30$ for the latter. In the next four years, a sharp increase was observed in food price index which doubled to over 220 points. A similar tendency could be seen in that of oil, which soared and peaked at approximately 130$ at the same point.
In 2009, oil price crashed to around 40$, at which it bounced back to under 100$ after a three-year period. Whereas, the worth of food also registered a suden fall to 100 points. Subsequently,there was growth its price, which reached a peak of 240 points at the end of the period.
world food and oil prices
The line graph compares the average price of a barel of oil with the food index from 2000 to 2011.
Overall, the value of both oil and food witnessed upward trends over the eleven-year period. In addition, the changes of both commodities were relatively similar.
In particular, in the year 2000, food price index was around 20 points, while oil cost roughly 20$ per barrel. Thereafter, there were insignificant rises in both figures to about 110 points for the former and 30$ for the latter. In the next four years, a sharp increase was observed in food price index which doubled to over 220 points. A similar tendency could be seen in that of oil, which soared and peaked at approximately 130$ at the same point.
In 2009, oil price crashed to around 40$, at which it bounced back to under 100$ after a three-year period. Whereas, the worth of food also registered a suden fall to 100 points. Subsequently,there was growth its price, which reached a peak of 240 points at the end of the period.
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