The United Nations food agency’s world price index fell in March for a 12th consecutive month, and is now down 20.5% from a record high hit one year ago following Russia’s invasion of Ukraine.
The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 126.9 points last month against 129.7 for February, the agency said on Friday. It was the lowest reading since July 2021.
The February reading was originally given as 129.8.
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