Realist: news and analytics

Русский / English / العربية

  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics

Food prices have reached a new all-time high

The FAO Food Price Index averaged 159.3 points in March, up 12.6 per cent from February when it had already reached its highest level since its inception in 1990. Driven by soaring wheat and coarse grain prices – largely as a result of the war in Ukraine – the FAO Cereal Price Index was 17.1 per cent higher in March than it was just a month earlier.

   
April 12, 2022, 00:43
Business & Energy
Photo: Reuters

Photo: Reuters

ROME (Realist English). In March, world food prices rose sharply, reaching a new all-time high against the backdrop of the Ukrainian crisis. This is stated in the report of the Food and Agriculture Organization of the United Nations (FAO).

The FAO Food Price Index averaged 159.3 points in March, up 12.6 per cent from February when it had already reached its highest level since its inception in 1990. Driven by soaring wheat and coarse grain prices – largely as a result of the war in Ukraine – the FAO Cereal Price Index was 17.1 per cent higher in March than it was just a month earlier.

In March, world wheat prices soared by 19.7%, corn prices rose by 19.1%, also reaching a record level.

The FAO Vegetable Oil Price Index rose 23.2 per cent, driven by higher quotations for sunflower seed oil, of which the Ukraine is the world’s leading exporter. Palm, soy and rapeseed oil prices also rose markedly as a result of the higher sunflower seed oil prices and the rising crude oil prices. FAO’s Sugar Price Index rose 6.7 per cent from February, reversing recent declines to reach a level more than 20 per cent higher than in March 2021.

Meanwhile, surging pig meat prices related to a shortfall in animals for slaughter in Western Europe, drove the FAO Meat Price Index up by 4.8 per cent in March to reach an all-time high. This was facilitated by a decrease in the number of pigs in Western Europe. International poultry prices also firmed in step with reduced supplies from leading exporting countries following avian flu outbreaks.

Amid a surge in import demand for near and long-term deliveries, especially from Asian markets, quotations for butter and milk powders rose steeply, driving the FAO Dairy Price Index up 2.6 per cent, making it 23.6 per cent higher than in March 2021.

Agriculture and FoodUnited Nations
Previous Post

Residents of Kazakhstan do not believe in the official version of the January riots

Next Post

The US is turning the Ukraine into a testing ground for Switchblade kamikaze drones

Related Posts

France’s borrowing costs rise after Fitch downgrades credit rating
Business & Energy

France’s borrowing costs rise after Fitch downgrades credit rating

15 September, 2025
Oracle’s record stock surge driven by OpenAI’s massive cloud commitments
Business & Energy

Oracle’s record stock surge driven by OpenAI’s massive cloud commitments

14 September, 2025
Fed rate cuts test durability of record $7.6tn in money market funds
Business & Energy

Fed rate cuts test durability of record $7.6tn in money market funds

14 September, 2025
Barclays CEO warns UK to curb public sector pay rises and avoid new bank taxes
Business & Energy

Barclays CEO warns UK to curb public sector pay rises and avoid new bank taxes

13 September, 2025
OpenAI and Nvidia to unveil UK data centre investment during Trump’s state visit
Business & Energy

OpenAI and Nvidia to unveil UK data centre investment during Trump’s state visit

12 September, 2025
Europe’s auto industry ‘in mortal danger,’ Mercedes-Benz chief warns
Business & Energy

Europe’s auto industry ‘in mortal danger,’ Mercedes-Benz chief warns

11 September, 2025
Most Popular
Most Popular
Pope Leo denounces Elon Musk’s fortune as symbol of runaway inequality

Pope Leo denounces Elon Musk’s fortune as symbol of runaway inequality

15 September, 2025

VATICAN CITY (Realist English). Pope Leo has condemned the widening gap between the world’s richest executives and ordinary workers, warning...

Former Georgian defense minister faces pre-trial detention on corruption charges

Former Georgian defense minister faces pre-trial detention on corruption charges

15 September, 2025

TBILISI (Realist English). A Tbilisi city court has ordered pre-trial detention for former Georgian defense minister Juansher Burchuladze, who was...

Musk calls for dissolution of UK parliament at far-right London rally

Musk calls for dissolution of UK parliament at far-right London rally

14 September, 2025

LONDON (Realist English). Billionaire entrepreneur Elon Musk has urged the United Kingdom to dissolve its parliament and hold new elections,...

Putin inaugurates Russia’s National Space Center in Moscow

Putin inaugurates Russia’s National Space Center in Moscow

13 September, 2025

MOSCOW (Realist English). President Vladimir Putin on Saturday took part in the official opening of the National Space Center, a...

Opinion

Putin, Trump and Zelensky: is a trilateral meeting necessary?

Putin, Trump and Zelensky: is a trilateral meeting necessary?

27 August, 2025

MOSCOW (Realist English). Although more than a week has passed since the meeting between Russian President Vladimir Putin and U.S....

Russia’s elite: from Soviet nomenklatura to state corporations

Russia’s elite: from Soviet nomenklatura to state corporations

25 August, 2025

MOSCOW (Realist English). The specificity of the Russian elite is defined by the nature of its origins: it grew out...

A meeting of minds across time: Alaska’s role in U.S.–Russia history

A meeting of minds across time: Alaska’s role in U.S.–Russia history

17 August, 2025

MOSCOW (Realist English). In recent days, Alaska has become the center of global attention. Many different historical facts connected with...

Peace with Baku–Turkish occupiers is an illusion

Peace with Baku–Turkish occupiers is an illusion

9 August, 2025

YEREVAN (Realist English). No piece of paper and no external guarantees will ensure peace between Armenia and the Baku–Turkish occupiers,...

All rights reserved.

© 2017-2025

  • About Us
  • Mission and Values
  • Contact Us
  • Privacy Policy

Follow Realist English

No Result
View All Result
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts

Русский/English/العربية