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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 [1]

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Scott Boyd

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