Global Food Prices Up In Jan, Snap 6-Month Downtrend

from reuters: Global food prices rose in January for the first time in six months and may show another rise for February, as concern about bad weather in main growing regions boosted grain and vegetable oil values, the United Nations’ food agency said on Thursday. January’s increase was not expected to heap as much inflationary pressure on economies as a year ago, when prices were climbing towards record highs, the U.N.’s Food and Agriculture Organization (FAO) said ahead of the European Central Bank’s decision on interest rates.

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