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Global food price index jumps 2.6 pct in February
date:Mar 07, 2014
crops in the United States, FAO said.

The last time the food price index rose so significantly was in July 2012 due to a drought in the U.S. Midwest which sent corn and soybean prices to record highs.

At the time, this sparked fears of a repeat of a food crisis in 2007/08 in which major producers restricted exports in an attempt to control domestic prices.

However, stocks are currently ample. FAO raised its forecast for 2013 world cereal production to a record 2.515 billion tonnes on Thursda

12/24 18:16