ROME (Reuters) – World food prices rose in January, buoyed by a rebound in dairy prices and stronger showings for vegetable oils and sugar, the United Nations food agency said on Thursday.
The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 164.8 points last month against 161.8 in December.
Rise - Index - Percent - January - Level
Despite the rise, the index was still 2.2 percent below its January 2018 level.
The FAO dairy price index jumped 7.2 percent from December’s value, ending seven months of declines. FAO said limited export supplies from Europe, caused by strong internal demand, was the main driving force behind the increase.
FAO - Oil - Price
FAO’s vegetable oil price...
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