“Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says”
March 7, 2022
“World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday…FAO said its vegetable oils index rose 8.5% month-on-month in February to chalk up another record high, propelled by rising palm, soy, and sunflower oil prices. Ukraine and Russia account for about 80% of global exports of sunflower oil…”