Food Prices Remain High

Global food prices remained high in August according to the UN’s Food and Agriculture Organisation (FAO) food price index, maintaining the high level achieved last month as corn prices jumped in the US and rice prices increased in Cambodia. With 213 points in August the food index was unchanged from July, but it was lower than the February 2011 peak of 238 points and still 18 points below August of last year. … The food index includes the FAO price indexes of cereal, oils/fats, meat, dairy and sugar.  … Although the index was unchanged, rice and wheat prices slightly increased, offsetting a slight decrease of corn, according to the FAO. …

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