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Food Price Index hit record high in February, UN agency reports

Global food prices reached an all-time high in February, the Food and Agriculture Organization (FAO) reported on Friday.

The Food Price Index, which tracks the international prices of a items such as vegetable oils and dairy products, averaged 140.7 points last month, or nearly four per cent up from January.

This is also 24.1 per cent over the level a year earlier and 3.1 points higher than in February 2011