FAO: Global Food Prices Rose in March

ARK News.. The Food and Agriculture Organization (FAO) has reported that global food prices increased in March, reaching their highest level and marking the second consecutive monthly rise.

According to the FAO, its Food Price Index— which tracks changes in a basket of internationally traded food commodities—averaged 128.5 points in March, up 2.4 percent from its revised February level.

In a detailed report, the organization also slightly raised its forecast for global cereal production in 2025 to a record 3.036 billion tones, representing a 5.8 percent year-on-year increase.

FAO Chief Economist Maximo Torero said in a statement that price increases since the onset of the conflict have been moderate, driven mainly by higher oil prices, while abundant global grain supplies have helped ease the impact.

He added that if the conflict continues for more than 40 days and input costs remain high, farmers may reduce inputs, cut planted areas, or shift crop types, potentially leading to lower yields and affecting food supply and prices for the remainder of this year and into the next.

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