Middle East Conflict Weighs on Global Food Prices, FAO Says
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Global food prices rose in March, driven by higher energy prices and increased freight costs due to the Middle East conflict. The FAO's food commodity price index averaged 128.5 points, a 2.4% increase from February, marking the second consecutive month of gains. This rise indicates persistent food inflation as the conflict disrupts supply chains and raises costs for energy and fertilizers. Notable increases were observed in vegetable oil and sugar prices, with meat, dairy, and cereals also experiencing price hikes.
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