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UN Says Food Prices Rose In February

March 03, 2011

The UN food agency says global food prices rose in February for the eighth consecutive month, and warned that oil price spikes could lead to further increases.

The Food and Agriculture Organization (FAO) said in a statement that prices of all commodities monitored, except for sugar, had risen.

Skyrocketing food prices have been among the causes for protests in Egypt, Tunisia, and elsewhere and raised fears of a repeat of the food price crises in 2007 and 2008.

Global oil prices have gone up on concerns about the potential impact of supply problems in Libya.

compiled from agency reports

Source: http://www.rferl.org/content/un_food_prices/2326763.html

Copyright (c) 2011. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.