Dairy nudges FAO Food Price Index by one per cent

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Dairy products

Global food prices rose by one per cent in March, according to the Food Price Index of the UN Food and Agriculture Organization (FAO).

FAO says the surge was driven mainly by an 11 per cent increase in dairy.

Dairy products such as milk and cheese carry a 17 per cent weight among the various commodity prices in the calculation of the Index.

The FAO Food Price Index measures monthly price changes for a basket of food, including cereals, sugar, dairy, meat and sugar.

According to FAO, the cereal prices remained unchanged from February.

While maize prices increased last month on a fall in exportable supplies from the United States, lower wheat prices on prospects of a good world harvest offset those increases.

Global rice prices remained stable, FAO adds.

Gerry Adams, United Nations.

Duration:  56″

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