Bad weather triggers last month’s 2.6% rise in global food prices

Global food prices rose 2.6% in February in the sharpest climb since mid-2012 due to unfavourable weather, the United Nations food agency said yesterday, with the crisis in Ukraine threatening to cause future volatility.
Bad weather triggers last month’s 2.6% rise  in global food prices

The Food and Agriculture Organisation’s price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 208.1 points in February, up 5.2 points from a revised January index of 202.9.

Unfavourable weather conditions in the southern hemisphere and parts of the US were the most important cause of the rises, the organisation’s senior economist Abdolreza Abbassian said.

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