Summary
[FAO: Global food price index hit a record high in February, the situation in Ukraine will hit the Middle East and Africa supply]According to UN news, the Food and Agriculture Organization of the United Nations said on March 4 that global food prices hit a record high in February. The FAO Food Price Index tracks monthly changes in international prices for the world‘s most traded food commodity. The index averaged 140.7 points in February, up nearly 4% from January and 24.1% above its level a year earlier. (Interface News)
Global food prices hit a record high in February, the Food and Agriculture Organization of the United Nations said on March 4, according to UN News. The FAO Food Price Index tracks monthly changes in international prices for the world‘s most traded food commodity. The index averaged 140.7 points in February, up nearly 4% from January and 24.1% above its level a year earlier.
The food price index reportedly measures the average price for the entire month, and the February reading only partially incorporates the market impact of the conflict in Ukraine. 40% of Ukraine’s wheat and maize are exported to the Middle East and Africa, regions already struggling with hunger, and further food shortages or higher prices could spark social unrest.
(Article source: Interface News)