
The FAO Food Price Index rose 1% or 2.4 points from January to February. The Index climbed nearly 2% in January – its first increase in six months. The February increase was mostly driven by higher prices of sugar, oils and cereals while dairy prices fell slightly after a marked rise in January.

FAO forecasts that 2012 world wheat production will be the second highest on record at 690 million tonnes. According to FAO quarterly Crop prospects and food situation report forecast a 2012 wheat crop 10 million tons or 1.4% down from the record 2011 harvest but still well above the average of the past five years.

The economy of Latin America and the Caribbean should grow 3.6% this year, down from recent rates above 5% as slower expansion in China, a soft recovery in the US and debt woes in Europe weigh on the global economy.

Greenland’s ice sheet is more sensitive to global warming than previously thought, according to Spanish and German researchers. The ice sheet may lose its ability to grow once warming reaches 1.6 degrees, a study published in Nature Climate Change found.

Royal Navy helicopter carrier HMS Illustrious is in the midst of NATO Exercise Cold Response, based in the Arctic. Illustrious is the command ship for Major General Ed Davis, Commandant General Royal Marines, who, with his Commander Amphibious Forces staff, is directing the movements of allied warships.

Argentine Planning Minister Julio de Vido lashed out at Spanish Industry Minister José Manuel Soria by saying that oil company YPF is an Argentine corporation run by Spanish investors and should not be considered an asset of the European country.

Brazilian judge dismissed the first charges ever brought against an army officer over crimes committed during the country's 1964-1985 military dictatorship, dealing a blow to rights groups and victims' families.

United States stated that it maintains its “neutral position” over the Falklands/Malvinas Islands dispute between Argentina and UKand hopes for an agreed solution, an official source of the US government assured after the three day visit of British Prime Minister David Cameron which included several meetings at the White House

Argentina and Israel gathered on Friday to honour the 29 victims of the 1992 terrorist car bombing at the Israeli embassy in Buenos Aires, the first of two deadly attacks against Jewish interests in Argentina. The second in July 1994 against the Jewish community organization AMIA claimed 85 lives.

EU trade ministers agreed on Friday to approve a free trade pact with Colombia and Peru that could boost European car and chemical exports and lift food and mineral exports from the South American countries.