World Food Prices Rise In Feb, Boosted By Dairy Sector: U.N. FAO

www.oann.com | 2/3/2018 | Staff
samtetley (Posted by) Level 3
ROME (Reuters) – World food prices rose in February, lifted in part by a jump in dairy prices, 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 167.5 points last month, up 1.7 percent on January.

Rise - Index - Percent - Level - Time

Despite the rise, the index was still 2.3 percent below its level of this time last year.

The FAO dairy price index jumped 5.6 percent from January’s value, driven by strong import demand for skim milk powder, whole milk powder and cheese.

FAO - Oil - Price - Index - Percent

FAO’s vegetable oil price index rose 1.8 percent from the previous...
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