Home / Agricultural Economy / Agribusiness / FAO: WORLD FOOD PRICES REACH RECORD HIGH IN FEBRUARY!

FAO: WORLD FOOD PRICES REACH RECORD HIGH IN FEBRUARY!

FAO food price index jumps 24.1% from last year…

World food prices reached an all-time high in February, the Food and Agriculture Organization (FAO) said in a statement Friday.

FAO said its food price index averaged 140.7 points in February, up 3.9% from January — a significant increase of 24.1% from a year ago.

The UN agency said the price increase was led by vegetable oils and dairy products.

The vegetable oils price index rose 8.5% from the previous month to a new high, mostly driven by increased quotations for palm, soy and sunflower oils.

The dairy price index averaged 6.4% higher in February from the previous month.

On a monthly basis, the cereal price index increased 3%, while the meat price index rose 1.1%.

The sugar price index, on the other hand, declined 1.9% from January.

About İsmail Uğural

Check Also

Chocolate prices continue to rise!

The latest news on the cocoa market is that prices surged to a record high …

Leave a Reply

Your email address will not be published. Required fields are marked *

%d