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May 28, 2017

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Crimean crisis boosts global food prices to reach 10-month high mark

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.

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