World food prices extend rise in March, says FAO

World food prices extend rise in March, says FAO

The FAO Food Price Index averaged 128.5 points in March, up 2.4% from its revised February level.

A cereal field in Gosselies, Belgium. The FAO also slightly raised its 2025 global cereal production forecast to a record 3.036 billion tonnes. (EPA Images pic)
PARIS:
World food prices climbed in March to the highest level since December, marking a second consecutive monthly increase, the United Nations Food and Agriculture Organization said on Friday.

The FAO Food Price Index, which measures changes in a basket of globally traded food commodities, averaged 128.5 points in March, up 2.4% from its revised February level.

In a separate report, the FAO slightly raised its 2025 global cereal production forecast to a record 3.036 billion metric tons. It would be 5.8% higher year-on-year.

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