Global Production The FAO Food Price Index rises mostly on higher dairy prices
Photo: pixabay/guvo59
The FAO Meat Price Index was up slightly, supported by higher prices of bovine and pig meat.
fleischwirtschaft.com — ITALY, Rome. Global food prices rose in February, with the FAO Food Price Index averaging 167.5 points, up 1.7% from January, in part driven up by sharp increases in dairy prices.
The Index, which is an indicator of the monthly changes in international prices of a basket of food commodities, is currently at its highest level since August 2018, but still nearly 2.3% below its value at the same month last year.
The FAO Meat Price Index was up slightly, supported by higher prices of bovine and pig meat.