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Global Food-Price Index Hits Record
14.01.2011 11:53 "Agro Perspectiva" (Kyiv) —
A prominent indicator of international food prices hit a record high in December, sounding a warning about looming threats to the worlds poor and to global growth.
The United Nations Food and Agriculture Organizations monthly food price index rose for the sixth consecutive month to 214.7, topping the previous peak, 213.5, reached in June 2008.
The index doesnt measure domestic retail prices, which can be affected by a wide range of factors, including government subsidies. Instead, the index tracks export prices and can still serve as a barometer of what consumers may pay.
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