World food prices rose slightly in February, boosted in
particular by cereals, the United Nations food agency said on Thursday.
The Food and Agriculture Organization’s food price index,
which measures monthly changes for a basket of cereals, oilseeds, dairy
products, meat and sugar, averaged 175.5 points in February, up 0.5 percent
from January levels.
The increase pushed food prices on international markets
to their highest level since February 2015.
They were some 17.2 per cent above their levels in the
same month last year.
Global cereals output is now expected to reach 2.6 billion
tonnes in the 2016 season, up 0.3 per cent on previous forecasts, FAO said.
FAO said its first forecast
of global wheat production in 2017 stood at 744.5 million tonnes, a 1.8 percent
decline from the 2016 record level but above the last five-year average.
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