"World Food Price Index Headed Up"

"The overall food price index, calculated by the Food and Agriculture Organization of the United Nations was up in August with a total of 216 points, up three points and 1.4% from August. FAO says the increase is attributed to dairy and meat prices and increases for cereals."

"Those three indices – meat, dairy and cereal– were up 2.1%, 7%, and 1% respectively from August. The largest jump, dairy, is attributed to rising feed costs and strong world demand for dairy products, according to the FAO.

Large gains boosted the meat index, with a 6% gain in pig and a 2% gain in poultry sectors. Sheep and cattle were relatively stable."

Farm Progress had the story October 8, 2012.

Source: Farm Progress, 10/09/2012