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FAO, soaring food prices + 12.6% in one month

2022-04-08T09:27:19.038Z


The war leads to increases in the price of wheat, corn and vegetable oils in March (ANSA) World food prices soared in March, marking an increase of 12.6% compared to February, the highest levels ever. It emerges from the FAO, the index is influenced by the spread of the war. World wheat prices rose 19.7%, compounded by concerns over US crops, while corn prices rose 19.1% to a record high, along with barley and sorghum prices. The index of the lists of vegetable oils marks + 23.2%, for


World food prices soared in March, marking an increase of 12.6% compared to February, the highest levels ever.

It emerges from the FAO, the index is influenced by the spread of the war.

World wheat prices rose 19.7%, compounded by concerns over US crops, while corn prices rose 19.1% to a record high, along with barley and sorghum prices.

The index of the lists of vegetable oils marks + 23.2%, for the prices of sunflower oil, of which Ukraine is the main world exporter.



According to the findings of the FAO, sugar marks + 6.7% compared to February, with more than + 20% compared to March 2021.



Meat increased by 4.8%, reaching an all-time high, driven by rising pork prices due to a shortage in Western Europe.

International poultry prices are also consolidating on the rise, hand in hand with lower supplies from major exporting countries following outbreaks of avian flu.

The FAO index of prices of dairy products increased by 2.6%, reaching + 23.6% compared to March 2021, with the prices of butter and milk powder soaring due to the surge in imports for short and long term deliveries, mainly from Asian markets.

Source: ansa

All life articles on 2022-04-08

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