FAO food price index rises for 9th consecutive month in Feb

Staff Reporter

Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, said recent reports of the Food and Agriculture Organisation of the United Nations (FAO).

The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 116.0 points in February, 2.4 percent higher than the previous month.

The FAO Sugar Price Index rose by 6.4 percent from January, as production declines in key producing countries together with strong import demand from Asia prompted ongoing concerns over tighter global supplies.

Expectations of a production recovery in Thailand and a bumper crop in India dampened the increase.

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