World Food Prices Rose in February on Back of Sugar Rush, UN's FAO says
Global food commodity prices rose in February, driven by higher sugar, dairy, and vegetable oil prices, the Food and Agriculture Organization (FAO) of the United Nations said on Friday.
The FAO Food Price Index, which tracks monthly changes in international prices of globally traded food commodities, averaged 127.1 points last month, up 1.6% from January and 8.2% from February 2024.
The jump was largely driven by sugar prices, which shot up 6.6% month-on-month, pushed higher by concerns over tighter global...
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