Milan Global food prices rose in March for a third month in a row driven by gains in vegetable oils and grain, adding to inflationary pressure, the United Nations’ FAO index showed on Thursday.
The index, which measures monthly price changes for a food basket of cereals, oilseeds, dairy, meat and sugar, averaged 215.9 points in March, up from revised 215.4 points in February, data from the Food and Agriculture Organisation (FAO) showed.