Global Food Prices Reach 14-Month High, FAO Report Says
(source: Medical News Today)
In its latest report, the U.N. Food and Agriculture Organisation (FAO) on Wednesday said the agency’s Food Price Index had been increasing for four consecutive months and reached a 14-month high in November, Reuters reports. FAO said the “index – which measures monthly price changes for a food basket composed of cereals, oilseeds, dairy, meat and sugar – averaged 168 points last month, the highest since September 2008. That level was still 21 percent below a peak in June 2008, at the height of the food price crisis, but FAO noted that prior to the price spike of 2007/08 the index had never exceeded 120 points,” the news service writes (Aloisi, 12/9).
