World
food prices rose for the fourth month in as row this January.
The
Food and Agriculture Organization (FAO) food price index went up seven-tenths
of one per cent to average 182.5 points.
FAO
said world cereal production would likely be a record when all the figures are
tabulated for 2019, about 2.3 per cent more than 2018.
The
FAO cereal price index went up by 2.9 over January, 2019, to hit the highest
level since May, 2018. Wheat prices went up the most.
The
vegetable oil index jumped 7.0 percent last month to reach a three-year high
and the sugar price index climbed 5.5 percent, while the dairy index was up nine-tenths
of one percent.
By contrast the meat price index fell by four percent, ending 11
consecutive months of increases.
