Health-wise, yes. Food grade is not necessarily the purest grade (which you do not need anyway) but it is the safest. It means that any impurities contained are safe to eat and that every part in its manufacture (apparatuses, starting materials) as well as processing (this even includes packaging!) are safe for humans.
For instance, the apparatus it was manufactured with has not been previously used for, say, production of arsenic salts or radioactive phosphorus or whatever.
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