Global food prices show no sign of slowing as they maintained the trend in March amid fears over ever-growing costs that have been hitting consumers around the world as nations continue to battle fallout from the coronavirus pandemic.
The United Nations Food and Agriculture Organization’s (FAO) food price index showed Thursday costs rose for a 10th consecutive month in March to the highest level since June 2014, led by jumps in vegetable oils, meat and dairy indices.
The index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 118.5 points last month versus a slightly revised 116.1 in February.
The February figure was previously given as 116.
The Rome-based FAO also said in a statement that worldwide cereal harvests remained on course to hit an annual record in 2020, adding that early indications pointed to a further increase in production this year.
Details on March food prices: