Global food prices hit record high

March 7, 2011 • Farming Practices, Daily Email Recap

From the U.S. Overseas Security Advisory Council newsletter, which links to for this story.  See a related story below.

Global food prices hit record high

Problem is set to worsen after a massive snowstorm in the United States and floods in Australia.

04 Feb 2011 05:31 GMT

World food prices have hit their highest level on record in January, the United Nations has said.

It said on Thursday that its Food and Agriculture Organisation Food Price Index rose for the seventh month in a row to reach 231, topping the peak of 224.1 last seen in June 2008.

It is the highest level the index has reached since records began in 1990.

“The new figures clearly show that the upward pressure on world food prices is not abating. These high prices are likely to persist in the months to come,” said Abdolreza Abbassian, an economist for FAO, which is based in Rome.

Rising food prices have been cited among the driving forces behind the recent popular revolts in north Africa, including the uprising in Egypt and the toppling of Tunisia’s long-time president Zine El Abidine Ben Ali.

In response, some countries are increasing food imports and have built stockpiles to meet their domestic needs.

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