In comparison with January, the index increased by 3.9%.

In a statement, quoted by the EFE agency, the United Nations (UN) highlighted that the vegetable oil price index, which increased 8.5% in relation to the previous month, contributed to this evolution.

Low prospects for soybean production in South America and concerns over reduced exports of sunflower oil, penalised by the disturbances in the Black Sea, also justified the record level.

In turn, the FAO dairy price index increased by 6.4% in January, driven by milk supply in Western Europe and Oceania.

The cereal price index grew 3% compared to January, due to the increase in grain prices.

The meat price index, in turn, rose 1.1% in relation to January, with international beef prices reaching a new record.