Wednesday, January 5, 2011

World food prices hit record high in December

LONDON (MarketWatch) — Global food prices reached a record in December, above a previous high set in 2008, according to the monthly Food Price Index published Wednesday by the United Nations Food and Agriculture Organization.
The FAO’s food price index, which monitors the monthly change in international prices of a basket of commodities including meat, dairy, cereals, oils and sugar, rose for the sixth month in a row to 214.7, a record for data going as far back as 1990. Article here

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