Global food prices rise in March across basket amid Middle East energy shocks

Global food prices rose for the second consecutive month in March, with energy-driven cost pressures linked to the escalating Middle East conflict feeding through into vegetable oil and sugar markets, according to the Food and Agriculture Organization April 3. The FAO Food Price Index averaged 128.5 points in March, up 2.4% month over month, as all major commodity groups, including cereals, meat,Global food prices rose for the second consecutive month in March, with energy-driven cost pressures linked to the escalating Middle East conflict feeding through into vegetable oil and sugar markets, according to the Food and Agriculture Organization April 3. The FAO Food Price Index averaged 128.5 points in March, up 2.4% month over month, as all major commodity groups, including cereals, meat,Read More