In February, the FFPI averaged 3.9% higher than in January, and 24.1% over the level a year earlier, FAO said.
Plus, in February, there was also an increased cereal and meat prices, while sugar sub-index values dipped for the third month in a raw.
According to FAO´s monthly report, the FFPI in cereals averaged 3% more than in January and 14.8% higher than the same period in 2021.
Vegetable oils were quoted 8.5% higher, leading to record in February, mainly due to the rise in palm, soybean and sunflower oil prices.
Dairy products, on the other hand, averaged an increased 6.4% in February, rating the FFPI by 24.8% above the value of the same month in 2021, due to the growing shortage in world markets due to lower-than-expected milk supplies in Western Europe and Oceania.
Similarly, the meat cost scaled up 1.1% compared to January and placed FFPI by 15.3% above the level a year ago.
Regarding sugar price index, it dropped 1.9% from January, considered the third monthly decline in a raw and lowest level since July 2021.