China News Service, April 8th. The United Nations Food and Agriculture Organization (FAO) released a report on the 8th that due to the impact of the Russian-Ukrainian conflict on the main food and vegetable oil markets, world food commodity prices rose sharply in March, reaching an all-time high. highest level.
Screenshot from the official website of the United Nations Food and Agriculture Organization.
The FAO Food Price Index averaged 159.3 points in March, up 12.6 percent from February, which has reached its highest level since the index was established in 1990.
The Cereal Price Index was 17.1 percent higher in March than in February, mainly due to the sharp increase in wheat and all coarse grains prices due to the conflict in Russia and Ukraine.
Russia and Ukraine have accounted for around 30% and 20% of global wheat and corn exports, respectively, over the past three years.
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