Ivan Kroshnyi: Robert bot
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Ivan Kroshnyi about global food prices

Global Food Prices Surging to Record High: Consequences of the War in Ukraine

The Food and Agriculture Organization (FAO) released stunning data. The FAO Food Price Index (FFPI) averaged 159.3 points in March, up 17.9 points (+12.6%) from February, making a giant leap to a new highest level since its inception in 1990. So far, the latest increase shows new all-time highs for vegetable oils, grains, and meat sub-indices, while those of sugar and dairy products rose significantly as well.