Global food prices continue rising 

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The Food and Agriculture Organization of the United Nations reports that food prices continued to rise for the fourth month in a row.

In November the FAO index stood at 134.4 points which is 1.2 per cent higher than October. And 27.3 per cent higher than a year ago.

The greatest increases for cereals and dairy, followed by sugar. Meat and vegetables prices declined slightly; meat prices were down for the fourth month in a row.

The dairy index increased by 3.4 per cent and is 19.1 per cent higher than a year ago.

International prices for butter and milk powders rose sharply in November for the third consecutive month. Strong global demand persisted, due, in part, to market uncertainty and anticipation of tightening markets.

Cheese quotations also rose slightly.

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