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Global food prices saw a slight dip in March, falling 2.9 percent from their February peak, according to the latest FAO Food Price Index. Despite this decrease, food prices remain significantly higher than their March 2010 levels. Grain prices continued to experience extreme volatility.

Access the full report , as well as the latest GIEWS Global Food Price Monitor .

Global food prices increased for the eighth consecutive month in February, according to the FAO Food Price Index. With the exception of sugar, prices of all agricultural commodities continue to rise, bringing the Price Index to its highest level on record. In particular, the FAO expects a sharp decline in cereal stocks in 2011 due to increased global demand and decreased production. Export prices of major grains have risen 70 percent since February 2010.

To view the full report, visit FAO - News Article: World food prices reach new historic peak

The FAO has released its Food Price Index for January, 2011. This report provides a measure of the monthly change in international prices for major food commodities. The January Price Index rose for the seventh consecutive month, showing a marked increase in the global price of all major commodities. Such an increase makes this month's Price Index the highest (in both real and nominal terms) since the index was first backtracked in 1990.