ROME (AP) — A U.N. agency says rising sugar prices pushed up global food prices once again in June after a brief lull.
The Rome-based Food and Agriculture Organization said Thursday its price index rose 1 percent during the month. Despite the increase, food prices are still 4 percent below the all-time high recorded in February.
It said improved weather conditions and Russia’s lifting of its export ban on wheat helped contain prices.
However, experts have warned that prices are expected to remain volatile for years to come due to declining stockpiles and only modest increases in production.
