World food price index rises in February for ninth month running: FAO

Reuters |

Mar 04, 2021 03:20 PM IST

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The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 116.0 points last month versus a slightly revised 113.2 in January.

World food prices rose for a ninth consecutive month in February, hitting their highest level since July 2014, led by jumps in sugar and vegetable oils, the United Nations food agency said on Thursday.

(FILES) This file photo taken on October 16, 2009 shows Newly named goodwill ambassador of the Food and Agriculture Organization (FAO) French fashion designer Pierre Cardin delivering a speech during the opening session of the World Food Day at the FAO headquarters in Rome. - French fashion designer Pierre Cardin, hailed for his visionary creations but also for bringing stylish clothes to the masses, died on December 29, 2020 aged 98, his family told AFP. Cardin who was born in Italy in 1922 but emigrated to France as a small child, died in a hospital in Neuilly in the west of Paris, his family said. (Photo by Filippo MONTEFORTE / AFP)(AFP)

The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 116.0 points last month versus a slightly revised 113.2 in January.

The January figure was previously given as 113.3.

The Rome-based FAO also said in a statement that worldwide cereal harvests remained on course to hit an annual record in 2020, adding that early indications pointed to a further increase in production this year.

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