Food prices rise sharply as a result of weather and Black Sea crisis

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Little girl working with her parents at home with freshly picked corn to let it dry hanging outside on the family’s home. UN Photo/Martine Perret

Food prices increased sharply in March according to the UN Food and Agriculture Organization (FAO).

The FAO Food Price Index, which is based on the price of a basket of internationally-traded food commodities, rose by almost 5 points or the equivalent of 2.3 per cent.

The agency says this is the highest level since May 2013 and it was influenced by unfavourable weather conditions in the United States and Brazil, as well as geopolitical tensions in the Black Sea region.

To find out more about this increase in food prices, Sandra Ferrari spoke with Michael Griffin, FAO's dairy and livestock market expert.

Duration: 3'05"

 

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