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Food prices hit record high in February, U.N. agency says -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Customers pass a fruit stand at Mexico City’s street market on December 17, 2021. REUTERS/Luis Cortes/File Photograph

ROME (Reuters). – The U.N. Food Agency reported Friday that world food prices rose 24.1% in February. This was due to a rise in vegetable oils, and milk products.

Food and Agriculture Organization’s food price index (FAO), which measures the prices of most commonly traded foods, was at 140.7 points, down from a revised 135.4 last January. This figure had previously been given as 135.7.

Inflation has risen further as countries recover from the coronavirus epidemic. FAO warns that higher food costs have led to greater inflation.

Rome-based FAO issued the first projections of global cereal production in 2022. It saw global wheat production rise to 790 M tonnes, up from 775.4 Million in 2021.

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