Global food prices rise to highest ever levels after Russian invasion (The Guardian)
Global food prices rose to their highest ever levels in March as a result of Russia’s invasion of Ukraine, the UN has reported. Cooking oils, cereals and meats hit all-time highs and meant food commodities cost a third more than the same time last year, according to the Food and Agriculture Organization’s monthly food price index published on Friday. The
Global food prices rise to highest ever levels after Russian invasion (The Guardian)
Global food prices rose to their highest ever levels in March as a result of Russia’s invasion of Ukraine, the UN has reported.
Cooking oils, cereals and meats hit all-time highs and meant food commodities cost a third more than the same time last year, according to the Food and Agriculture Organization’s monthly food price index published on Friday.
The Russia-Ukraine war has disrupted Black Sea exports of crucial commodities from a region that had been producing more than a quarter of the world’s wheat exports.
The war has helped push cereal prices up 17% over the past month with the closure of ports throttling wheat and maize exports from Ukraine. Russian exports have also been slowed by financial and shipping problems.