World food prices rose for the ninth consecutive year in February, reaching the highest level since July 2014

© Reuters.

Crispian Balmer

ROME, March 4 (Reuters) – World food prices rose for the ninth consecutive year in February, hitting the highest level since July 2014, driven by rising sugar and vegetable oil prices.

The world food price index compiled by the United Nations Food and Agriculture Organization (FAO), which tracks monthly changes in prices of grains, oilseeds, dairy products, meat and sugar, rose from 113.2 in January to 116 in February.

The food price index for January was previously announced as 113.3.

Pointing out that the global grain harvest is on the way to breaking a record in 2020, FAO announced that according to preliminary indicators, this year production may exceed 2020.

The FAO grain price index rose by 1.2% in February compared to the previous month. Vegetable oil prices increased by 6.2%.

Reported by: Crispian Balmer
Translated by: Canan Sevgili
Editorial: Can Sezer

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