💨 Abstract

Global food commodity prices increased slightly in March, driven by a sharp rise in vegetable oils. This rise offset declines in cereals and sugar. The FAO Food Price Index, which tracks a basket of internationally traded food commodities, averaged 127.1 points in March, up 6.9% from a year earlier but 20.7% below the March 2022 peak due to the Russian invasion of Ukraine.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖