Global Food Prices Rise for 10th Month In a Row
Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014.
Trends varied by commodity types. The March increase was led by the FAO Vegetable Oil Price Index, which rose 8.0 percent from the previous month to hit a nearly 10-year high, with...
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