June 2, 2023

The world food price index published by the Food and Agriculture Organization of the United Nations (FAO) fell for the twelfth consecutive month in March; Decrease by 20.5%.

Today, Friday, the organization said its index, which tracks the prices of the world’s best-selling food items, averaged 126.9 points last month, up from 129.7 points in February, the lowest reading since July 2021. of the year.

The organization attributed the decline to factors such as plentiful supplies, reduced demand for imports, and an extension of an agreement allowing safe export of Ukrainian grain across the Black Sea.

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