Global food prices fell sharply in March


Direct – Sally Ismail: Global food prices fell sharply for the second time in the past month, with the negative repercussions of the Koruna and amid containment measures to control the epidemic.

According to the report issued by the Food and Agriculture Organization (FAO) today, Thursday, the food price index, which follows monthly changes in the prices of commonly traded food commodities globally, fell to 172.2 points in March, down 4.3 percent from the previous month.

The decline in the general index is driven by demand, not supply, factors, with the fact that demand factors are affected by declining economic prospects.

According to the FAO’s monthly report, the sugar price index recorded the largest decline, falling by 19.1 percent compared to the previous month.

The vegetable oil price index decreased by 12 percent within a month, while the milk price index fell by 3 percent, while the meat price index recorded about 0.6 percent.


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