FAO's food prices index gained 2.2 percent in February, which marked the highest point since the analysis of the prices in 1990. The index embraces the fluctuations of prices on 55 sorts of food products.
FAO's crops prices index in March (includes wheat, rice and corn) increased by 3.7 percent. The prices on corn doubled last year, whereas wheat gained 65 percent.
The index of prices on vegetable oil and fats increased insignificantly. It is currently staying at the level of a bit lower than the peak point of June 2008. The index of prices on meat in February increased by two percent. The index of prices on sugar went 16 percent higher than it was a year ago.
A report from the World Bank confirmed that prices on food products continued to grow. WB's index of food prices increased by 15 percent from October 2010 to January 2011.