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UN: Food prices hit record high

03-04-2011 09:27 BJT

A U.N. food agency says that global food prices reached new highs in February, and warns that oil price spikes could provoke further increases.

The Food and Agriculture Organization said in a statement that its food price index was up 2.2 percent last month, the highest in real and nominal terms since the agency started monitoring prices in 1990. It was also the eighth consecutive month that food prices had risen.

In January, the index had already registered a peak. Prices surged globally as a drought in Russia prompted the country to ban grain exports last year, and adverse weather threatened crops in nations from wheat exporter Canada to soybean producer Brazil.

Editor:Xiong Qu |Source: CNTV.CN

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