World food prices rose in December as a surge in the cost of dairy to the highest level since 2007 more than made up for falling charges of grains and cooking oils, the United Nations’ Food & Agriculture Organization said.
An index of 55 food items rose to 206.7 points last month from a restated 206.4 in November, the Rome-based FAO wrote in an online report today. The index of international food prices is down 3.5 percent from a year earlier.
The FAO’s dairy price index rose to the highest level since November 2007. Chinese demand for milk powder is pushing Southern Hemisphere dairy processors to focus on that product, lifting prices for butter and cheese, the FAO said.
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