UN food price index reaches levels not seen during war in Ukraine

ROME (AP) — The United Nations says prices for global food commodities like grains and vegetable oils hit their highest levels on record last month due to fallout from war in Ukraine.

The Food and Agriculture Organization of the United Nations said on Friday that its food price index, which tracks monthly changes in the international prices of a basket of basic commodities, recorded a double-digit increase in points. percentage in March compared to the record level already established the previous month.

The FAO said the index stood at 159.3 points last month, up 12.6% from the all-time high in February since the index was established in 1990.

The Rome-based agency says the war in Ukraine is largely responsible for the 17.1% rise in grain prices, including wheat and all coarse grains. Russia and Ukraine together account for about 30% and 20% of world wheat and maize exports respectively.

Follow Breitbart London on Facebook: Breitbart London


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button