Algerian Radio
The Food and Agriculture Organization of the United Nations (FAO) announced on Friday that the global food price index rose for the second consecutive month in March.
In its monthly report published on its official website, the FAO stated that the world index reached 128.5 points in March, marking a 2.4% increase compared to February.
This rise was primarily driven by a 4.3% surge in wheat prices, fueled by concerns over the potential impact of drought on U.S. crops. Additionally, a possible decline in crop cultivation in Australia was recorded due to high fertilizer prices.
Maize (corn) prices saw a "slight" increase, supported by fertilizer-related concerns and national decisions to support biofuels. However, this rise was tempered by abundant global supply. Conversely, the rice price index fell by 3% due to low demand.
The vegetable oil price index rose by 5.1%, while sugar recorded a similar increase of 7.2%.
The meat price index saw a 1% rise compared to February, driven by an increase in international beef prices, particularly in Brazil, where exportable supplies tightened due to a decline in cattle numbers. In contrast, the prices of sheep and poultry meat fell partially due to logistical constraints that hampered markets, especially in the Middle East.
Furthermore, the FAO dairy price index rose by 1.2%, mainly due to higher milk powder prices resulting from a seasonal decline in production in Oceania. While cheese prices continued to decline in European Union countries due to high production and weak export demand, they recorded an increase in Oceania.
