World food prices rise further, raising fears of unrest

Svetlana Kovalyova and Veronica Brown
Reuters
Thursday, April 5, 2012

Global food prices rose in March for a third straight month with more hikes to come, the UN’s food agency said on Thursday, adding to fears of hunger and a new wave of social unrest in poor countries.

Record high prices for staple foods last year were one of the main factors that contributed to the Arab Spring uprisings in the Middle East and North Africa, as well as bread riots in other parts of the world.

The cost of food has risen again this year after coming down from a February 2011 record peak.

The FAO index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 215.9 points in March, up from a revised 215.4 points in February, the United Nations’ Food and Agriculture Organisation (FAO) said.

Although below the February 2011 peak of 237.9, the index is still higher than during a food price crisis in 2007-08 that raised global alarm.

Full story here.

This article was posted: Thursday, April 5, 2012 at 9:35 am

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