Crimean crisis boosts global food prices to reach 10-month high mark
April 4, 2014, 12:10 am TWN
ROME--World food prices reached their highest level for 10 months in March due to poor weather in major producing countries and the crisis in Ukraine, a top grain exporter, the United Nations food agency said on Thursday.
The Rome-based Food and Agriculture Organisation (FAO) said its monthly food price index rose by 4.4 points to 212.8 points — an increase of 2.3 percent from February and the highest level since May 2013.
The index saw a particularly sharp rise in the price of sugar, which went up by 7.9 percent to 253.9 points, and cereals — up 5.2 percent to 205.8 points.