World food prices, although still "
very high
", are down for the twelfth consecutive month, down 20.5% in March 2023 compared to the same month of 2022 when the markets were showing the first effects of the war in Ukraine, the FAO announced on Friday.
"
Abundant supplies, weak import demand and the extension of the Black Sea Grains Initiative (the maritime grain corridor allowing exports from Ukraine, editor's note) contributed to this decline
" , says the Food and Agriculture Organization of the United Nations (FAO), stressing that prices still weigh heavily on fragile importing countries.
More information to come...
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