Surging wheat prices drove international food prices up five percent last month in the biggest month-on-month increase since November 2009, FAO announced.
The FAO Food Price Index (FFPI) averaged 176 points in August, up nearly nine points from July, FAO said in its latest update on the global cereals supply and demand situation. The increase - five percent - brought the Index up to its highest level since September 2008, but still 38 percent down from its peak in June 2008.
› EastAgri is a network of institutions coordinated by the FAO Investment Centre committed to improving their agricultural and agribusiness investment portfolio through information sharing. We are currently covering the 29 member countries of the EBRD.
