Go Finance Reporting in New York - The UN Food and Agriculture (FAO) notes, global food prices reached its highest level in January.
As reported by the AFP, economists are worried about the development of world food prices will encourage greater turmoil in the Middle East region. The increase in food prices is considered as one of the factors triggering the crisis in the region of North Africa, including Egypt and Tunisia.
Based on recent surveys, the FAO index, which monitors changes in monthly prices of various types of foodstuffs in January reached 231 - the highest since the start of the index listing in 1990. The increase in oil prices affects the assessed participate in food prices by increasing transport costs and fertilizer.
"The latest figures clearly show that the global food price pressures have not subsided. high food prices will likely continue to persist in the months ahead," said FAO economist Abdolreza Abbassian.
FAO noted, the food index rose 3.4 percent from December, with the largest increase in food types of dairy products, grains, and edible oils. The most significant increase occurred in China, India, Indonesia, and Russia.
FAO data indicate, the price of dairy products rose 6.2 percent compared to December, oils and fats rose 5.6 percent and grain increased three percent due to falling global supplies. (GoFinance)
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