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The latest FAO Food Price Index was released today, citing an increase of 12 points from June. While the Index averaged 213 points in July, it remains well below the peak levels reached in February 2011.
The World Bank has released its Food Price Watch for February, citing estimates that suggest an additional 44 million people may have fallen into poverty in low- and middle-income
countries due to the rise in food prices since June 2010. The overall global rise in food prices has been driven by increases in the prices of wheat, maize, sugar, and fats and oils. (Track the rise in global commodities prices and futures prices with agricultural commodities tools )