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The U.S.'s Food and Agriculture Organization says global food prices have risen for the second time in two months. The main reason being blamed is bad weather in major exporting countries. Rising oil prices must affect prices too.
A near record wheat production is forecasted for this year, expected to reach 690 million tons, just below the record 2011 harvest.
The agency's price index rose 1 percent from January to February. The index had climbed nearly 2 percent in January, its first increase in six months.
The latest increase was mostly caused by higher prices of sugar, particularly in leading exporter Brazil because of bad weather, oils and cereals.
A near record wheat production is forecasted for this year, expected to reach 690 million tons, just below the record 2011 harvest.
The agency's price index rose 1 percent from January to February. The index had climbed nearly 2 percent in January, its first increase in six months.
The latest increase was mostly caused by higher prices of sugar, particularly in leading exporter Brazil because of bad weather, oils and cereals.
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