Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says

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Reuters

(Replaces year-on-year pct change in headline and first paragraph to 20.7% from 24.1% after FAO issued an official correction) ROME (Reuters) -World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index https://www.fao.org/worldfoodsituation/foodpricesindex/en, which tracks the most globally traded food commodities, averaged 140.7 points last month against a downwardly revised 135.4 in January. That figure was previ…

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