The United Nation's Food and Agricultural Organisation (FAO) today said food prices hit a record high last month, surpassing the levels seen during the 2007-08 crisis. The FAO said its food price index, a basket tracking the wholesale cost of commodities such as wheat, corn, rice, oilseeds, dairy products, sugar and meats, jumped last month of 214.7 points — up almost 4.2 per cent from November.The FAO food index is at its highest since it started calculating the measure in 1990. During the 2007-08 food crisis, the index reached a peak of 213.5 in June 2008.
News On AIR | January 5, 2011 8:55 PM
Food prices hit record high last month :FAO