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World rice price index hits 12-year high in July - FAO

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MUMBAI, August 4 (Reuters) - The United Nations food agency's rice price index rose 2.8% in July from a month ago to its highest level in nearly 12 years as prices in key exporting countries jumped as prices in key exporting countries jumped on strong demand and India's push to cut exports. . , the agency said on Friday.

The Food and Agriculture Organization's (FAO) All Rice Price Index, which tracks prices in key exporting countries, averaged 129.7 points in July, compared to 126.2 points from the previous month, the agency said.

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The July score is almost 20% higher than last year's 108.4 score, the highest since September 2011.

The agency's general world food price index also rose in July, recovering from a two-year low.

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India, which accounts for 40% of world rice exports, ordered a halt to its largest category of rice exports last month to calm local prices, which have soared to multi-year highs in recent weeks as erratic weather threatens production.

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India, Thailand, Vietnam, Cambodia and Pakistan are among the leading rice exporters. China, Philippines, Benin, Senegal, Nigeria and Malaysia are the main fiber importers.

Reporting Rajendra Jadhav Editing Tomasz Janowski