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FAO Food Price Index

STing
Posts: 96 Forumite
The FAO Food Price Index (FFPI) averaged 232 points in May 2011, down 1 percent from the revised estimate of 235 points in April and 37 percent higher than in May 2010.
Declines in international prices of cereals and sugar were responsible for the slight decrease in the May average value of the index; more than offsetting increases in meat and dairy prices with oils largely unchanged. The FFPI has been hovering above 231 points since the start of the year and hit its all time high of 238 points in February.
http://www.fao.org/worldfoodsituation/wfs-home/foodpricesindex/en/
A 37% increase. What, if anything, can be done?
Declines in international prices of cereals and sugar were responsible for the slight decrease in the May average value of the index; more than offsetting increases in meat and dairy prices with oils largely unchanged. The FFPI has been hovering above 231 points since the start of the year and hit its all time high of 238 points in February.
http://www.fao.org/worldfoodsituation/wfs-home/foodpricesindex/en/
A 37% increase. What, if anything, can be done?
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