UN Says Food Prices at Record High, Poised to Climb

The UN’s Food and Agricultural Organization (FAO) said world food prices hit a record high in January and are expected to climb higher in the coming months. The FAO Food Price Index which measures the wholesale price of basic food staples, rose 3.4 percent in January compared to December’s result.

This is the seventh straight month of increases and is the highest recording of the index since it was first tracked in 1990.

Source: BBC News

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.