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 World Food Prices Reach New Record

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PostSubject: World Food Prices Reach New Record   Thu Feb 03, 2011 8:00 pm

World food prices reach new record




AFP/File – A customer checks the prices of different varieties of rice at a market stalli in Manila. World food …





ROME (AFP) – World food prices hit a new record high in January after rising for a seventh consecutive month, the UN's Food and [color:4764=#366388 !important][color:4764=#366388 !important]Agriculture [color:4764=#366388 !important]Organisation</FONT></FONT></FONT> (FAO) said Thursday, warning the poor would be hit hardest.

The FAO Food Price Index, which monitors monthly price changes for a basket of commodities, averaged 231 points in January -- up 3.4 percent from December and its highest level since FAO started measuring food prices in 1990.

"The new figures clearly show that the upward pressure on [color:4764=#366388 !important][color:4764=#366388 !important]world [color:4764=#366388 !important]food [color:4764=#366388 !important]prices</FONT></FONT></FONT></FONT> is not abating. These high prices are likely to persist in the months to come," FAO economist and grains expert Abdolreza Abbassian was quoted as saying.

The rises were particularly high for dairy products -- up 6.2 percent from December -- and oils and fats rose 5.6 percent from the previous month, while cereals went up 3.0 percent because of lower global supply of wheat and maize.

[color:4764=#366388 !important][color:4764=#366388 !important]Meat [color:4764=#366388 !important]prices</FONT></FONT></FONT> remained broadly stable due to a fall in prices in Europe caused by last month's scare over dioxin poisoning in eggs and pork in Germany, compensated by a slight increase in export prices from Brazil and the US.

"[color:4764=#366388 !important][color:4764=#366388 !important]High [color:4764=#366388 !important]food [color:4764=#366388 !important]prices</FONT></FONT></FONT></FONT> are of major concern especially for low-income food deficit countries that may face problems in financing food imports and for poor households which spend a large share of their income on food," Abbassian said.

"The only encouraging factor so far stems from a number of countries where -- due to good harvests -- domestic prices of some of the food staples remain low compared to world prices," he added.
[color:4764=#366388 !important][color:4764=#366388 !important]FAO</FONT></FONT> data released on Thursday showed the Food Price Index hit 200 points in 2008 at the height of the 2007/2008 food crisis. It breached that level for the first time in October 2010 with 205 points and has risen further since then.

Source --- http://news.yahoo.com/s/afp/20110203/ts_afp/unfaoeconomysocialfoodprice_20110203114237

From M.o.1 --- What better weapon for controlling a population than controlling their food?
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