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The FAO Food Price Index averaged 140.7 points in February, up 3.9 per cent from January, 20.7 per cent above its level a year earlier, and 3.1 points higher than reached in February 2011.
Global cereal production, utilitsation and trade are reaching record levels, according to the Cereal Supply and Demand Brief by the FAO.
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Going by Food and Agriculture Organisation’s (FAO) report, global food prices shut up in January, largely catalysed by supply-side constraints