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Global food prices stable in February: UN agency

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Global food prices remained stable in February from the previous month and wheat harvests are set to increase by 4.3 percentage points this year, the UN's food agency in Rome said on Thursday. The food price index compiled by the Food and Agriculture Organisation (FAO) remained at 210 points -- the same level as in January and five points lower than in February 2012. (..) Wheat production meanwhile was forecast to rise to 690 million tonnes this year, which would be the second largest global crop on record. This was mainly due to increased planting in Europe and a recovery in yield in some major producers like Russia and the United States.