Food Prices Halt Seven-Month Decline

DanEconomy, This Land of Ours

Global food prices have dropped for the last seven months, but that may be slowing down. That’s coming up on This Land of Ours.

food prices
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The United Nations Food and Agricultural Organization’s Food Price Index was 118.3 points in March, up 1.3 points or 1.1 percent from its revised February level. The rise in prices was driven by higher price indices for vegetable oils, dairy products, and meat. That slightly more than offset decreases in those for sugar and cereals.

Before the uptick in March following a seven-month-long decline, the index was down almost 10 points from the same time last year.

The biggest rise was in the Vegetable Oil Price Index, which averaged 130.6 points in March, up 9.7 points or eight percent from February, and reached its highest average in a year. The biggest drop was in the Sugar Price Index, which averaged 133.1 points in March, down 7.6 points or 5.4 percent from February after two consecutive monthly increases. However, it’s still 6.1 points above its value from a year ago.

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Food Prices Halt Seven-Month Decline

Sabrina Halvorson
National Correspondent / AgNet Media, Inc.

Sabrina Halvorson is an award-winning journalist, broadcaster, and public speaker who specializes in agriculture. She primarily reports on legislative issues and hosts The AgNet News Hour and The AgNet Weekly podcast. Sabrina is a native of California’s agriculture-rich Central Valley.