"In February, unfortunately, the food prices have hit a new record." This was announced Abby Abbassian, an economist with the United Nations Food and Agriculture Organization (FAO), told FRANCE 24. In February, the benchmark index of the FAO has indeed jumped 2.2% in January. Over the last six months, the increase was nearly 70%.
The situation begins to resemble more than in 2008, during which many food riots had broken out.The rising price of grain basket, accounting for 46% of the caloric World, "is largely responsible for this new record," regrets Abby Abbassian.
FAO estimates that several factors could prevent a new hunger crisis. "The situation in 2008 was largely due to higher rice prices within the basket of grain, remains one of the most stable," says Abby Abbassian. At that time also, investment in biofuels, which use grain, but now seemed uncontrollable "they are better controlled."
