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.