World food prices decline for 12th consecutive month: FAO

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World food prices decline for 12th consecutive month: FAO

STORY: World food prices decline for 12th consecutive month: FAO DATELINE: April 8, 2023 LENGTH: 00:00:47 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of food in markets 2. various of restaurants in Rome STORYLINE: World food prices declined for the 12th consecutive month in March, the United Nations Food and Agriculture Organization (FAO) reported on Friday. It was the first time the index has fallen for a full year. FAO's broad Food Price Index slipped 2.1 percent in March, and it is now down 20.5 percent since reaching its all-time peak a year ago after a big surge following the Russia-Ukraine conflict. Grains and cereals, the largest component in the index, was down 5.6 percent compared to the previous month and down 18.6 percent over the last 12 months. Among grains and cereals, wheat prices fell the most, dipping 7.1 percent as exports from Ukraine via the Black Sea assuaged market fears. Corn prices were 4.6 percent lower due to strong production in South America, while rice prices were

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  • 2023/4/09 00:00:00
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