FAO: Global food prices fell in March

Together with the decrease in March, the index was already 32.8 points (20.5 percent) away from its peak reached in March 2022.

The weakening of the overall index in March was caused by the drop in the grain, vegetable oil and milk price indices, while those of sugar and meat rose.

The FAO food price index is a trade-weighted index that takes into account the international market prices of the five most important food commodities – vegetable oils, cereals, meat, dairy products and sugar.