World food prices rise in Feb: FAO

Thursday 8 Mar 2012

Global food prices rose in February according to the UN organisation driven by rise in grain price, vegetable oils and sugar

wheat
A Palestinian farmer harvests wheat during harvest season (Photo: AP)

Global food prices rose in February from the previous month, driven by gains in grains, vegetable oils and sugar, the United Nations' FAO index showed on Thursday, adding inflationary pressure. Wheat output is expected to fall this year.

The index, which measures monthly price changes for a food basket of cereals, oilseeds, dairy, meat and sugar, averaged 215.3 points in February, up from a revised 212.8 points in January, data from the Food and Agriculture Organisation (FAO) showed.

The FAO also said it expected world wheat output this year to fall 1.4 per cent from last year's record crop to 690 million tonnes.

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