Global food prices increase for eighth consecutive month

Global food prices have increased for the eighth consecutive month in February, according to the United Nations Food and Agriculture Organization (FAO).

FAO says the price of all commodity groups, except for sugar, had risen and warns that unexpected spikes in oil prices could make the situation worse. Jocelyne Sambira reports.

bakery

bread

FAO says global food prices have increased for the eighth consecutive month and the price of all commodity groups, except for sugar, had risen.

The FAO food price index, a measure of basic food prices at the international level, is up 2.2% since January, its highest record since the agency first began monitoring prices in 1990.

There’s also been a sharp hike in global cereal prices, while the cost of main food staples such as wheat, rice and maize, is at its peak since July 2008.

Adding to this situation, FAO says, are serious concerns over the possible increases in oil prices that could further exacerbate an already precarious situation in food markets.  Jocelyn Sambira, United Nations.

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