For 10th Consecutive Month, Global Food Prices Still on the Rise
For 10th Consecutive Month, Global Food Prices Still on the Rise
Food and Agriculture Organisation (FAO) has reported that global food commodity prices are still on the upward climb with last March, marking their 10th consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014.
Trends varied by commodity types. The March increase was led by the FAO Vegetable Oil Price Index, which rose 8.0 percent from the previous month to hit a nearly 10-year high, with soy oil prices rising sharply due in part to the prospects of firm demand from the biodiesel sector.
Vegetable oils drive FAO Food Price Index higher in March while cereal quotations dip
8 April 2021, Rome - Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported today.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014.
Trends varied by commodity types. The March increase was led by the FAO Vegetable Oil Price Index, which rose 8.0 percent from the previous month to hit a nearly 10-year high, with soy oil prices rising sharply due in part to the prospects of firm demand from the biodiesel sector.
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The FINANCIAL Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014.
Trends varied by commodity types. The March increase was led by the FAO Vegetable Oil Price Index, which rose 8.0 percent from the previous month to hit a nearly 10-year high, with soy oil prices rising sharply due in part to the prospects of firm demand from the biodiesel sector, FAO notes.
Global food prices rise for 10th month in a row
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Vegetable oils drive FAO Food Price Index higher in March while cereal quotations dip
8 April 2021, Rome - Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported today.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014.
Trends varied by commodity types. The March increase was led by the FAO Vegetable Oil Price Index, which rose 8.0 percent from the previous month to hit a nearly 10-year high, with soy oil prices rising sharply due in part to the prospects of firm demand from the biodiesel sector.
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Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported on Thursday.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 per cent higher than in February and reaching its highest level since June 2014.
Trends varied by commodity types. The March increase was led by the FAO Vegetable Oil Price Index, which rose 8.0 per cent from the previous month to hit a nearly 10-year high, with soy oil prices rising sharply due in part to the prospects of firm demand from the biodiesel sector.