FAO: World food prices rose in February

FAO’s food price index increased in February for the seventh consecutive month, this time led by increasing wheat and maize prices.

The FAO Food Price Index averaged 175.5 points in February, its highest value in almost two years, marking a 0.5 percent increase from its revised January value and 17.2 percent above its February 2016 level.

The FAO Cereal Price Index rose 2.5 percent from January, led by increasing prices for wheat, even as maize and rice prices also posted modest increases. (MTI)