World food prices rise for first time in 7 months: FAO / Photo: © AFP/File
-
Euro slides as worries about French debt grow
-
Ukraine blames Russia for deadly sinking of Turkish ship in Black Sea
-
US withdraws all bomber aircraft from UK airbase
-
UN rights council slams Taliban's 'oppression' of women
-
Drone hits Ethiopia IDP camp as fears grow of regional war
-
Norway eyes partial ban of smart glasses
-
US-German trio wins medicine Nobel for illuminating the brain
-
Two dead after ship catches fire, sinks in Black Sea
-
England captain Kane driven by desire for records says Tuchel
-
Spain's PM calls snap election after housing bill defeat
-
N.Irish court hears challenge to disputed Orangemen parade
-
STARCARES Equips Seven Foster Homes for Children and Young People in Tanzania
-
Talking points from the Bahrain Grand Prix in Malaysia
-
Alleged Indian leader of neo-Nazi child abuse ring goes on trial in Paris
-
Yemen, Saudi Arabia target Houthis in new campaign as war escalates
-
Euro, French stocks slide on France debt concerns
-
US-German trio wins medicine Nobel for work on optogenetics
-
Alcaraz advances to Japan Open final
-
Swiatek, Zheng survive three-set tests in China Open third round
-
US-German trio win medicine Nobel for work on optogenetics
-
Hasan says Test cricket momentum turning for Bangladesh
-
Hundreds of French high schools shut as protests persist
-
Intense heat puts births in jeopardy, UN tells Fiji talks
-
Spain PM calls early election after housing crisis defeat
-
US arrests woman accused of spying for China on Taiwan leader's family
-
Stocks rally as 'Goldilocks' jobs data ease rate fears
-
Yemen military announces broad strikes against Houthis
-
Myanmar says 10,000 migrants returned from Malaysia this year
-
Zuckerberg skewered again on screen in 'The Social Reckoning'
-
Big guns back for Australia's Rugby League World Cup defence
-
Fiji urges 'just' climate transition, financing at pre-COP gathering
-
Braves rock Dodgers to level series, Brewers win thriller
-
Thailand's Jeeno overcomes late wobble to win Lotte Championship
-
Most Asia stocks rally as 'Goldilocks' jobs data ease rate fears
-
Brazil heads to run-off as Bolsonaro pulls off shock first place finish over Lula
-
Sunken Silk Road city reveals Central Asia's lost history
-
EU, China to hold Beijing talks to avert trade war
-
Three years on, Israeli rescuer cannot escape October 7
-
Bolsonaro edges past Lula as nail-biter Brazil vote goes to a run-off
-
Research into weight-loss drugs tipped for Nobel as award week opens
-
Rubio visits Iceland as US boosts Arctic presence
-
US Supreme Court hears bid to shut the door on climate suits
-
Bolsonaro leads Lula as nail-biter Brazil vote goes to a run-off
-
Chourio walk-off single lifts Brewers over Padres
-
Patriots inflict first Bills defeat as Chiefs keep winning
-
Chervon Names Daniel L. Abbott Director of Sales - Western U.S.A.
-
Chervon Names Peter J. Carlson Director of Sales for Strategic Accounts
-
Chervon Names Claudio Chiappetta Vice President of Retail Sales for Chervon Canada
-
Chervon Appoints Neil Harrison to the Position of VP Sales, Marketing and MD for Chervon Canada
-
Flavio Bolsonaro leads Lula in near-done Brazil vote count
World food prices rise for first time in 7 months: FAO
Global food prices rose in March, the first increase since July, pulled higher by cooking oil prices despite the cost of grains continuing to ease, the UN's Food and Agricultural Organization said Friday.
The FAO's overall Food Price Index climbed 1.1 percent over the month to stand at 118.3 points in March 2024. On an annual comparison it was 7.7 percent lower.
The sub-index for vegetable oils jumped by 8.0 percent over the month to reach a one-year high. The FAO said prices for palm, soy, sunflower and rapeseed oils all climbed higher.
Rising palm oil prices were driven by seasonal drops in output in leading producing nations that coincided with strong demand in Southeast Asia, while demand from the biofuel sector pulled up soy oil prices.
Dairy prices rose by 2.9 percent in March on a monthly basis, while meat prices climbed 1.7 percent.
Meanwhile, cereals prices slid 2.6 percent on a monthly basis, while sugar prices fell 5.4 percent.
Food prices reached a record high after Russia invaded agricultural power Ukraine in February 2022 but have dropped since then.
Last month's uptick comes as inflation has slowed dramatically in many countries but a recent rebound in global oil prices has sparked concern it may persist at a level that could discourage central banks from cutting interest rates.
E.Gasser--VB