The rise was led by vegetable oils, cereals and meat sub-indices, according to details highlighted in the FAO Food Price Index report released on Friday. The report said the FAO Vegetable Oil Price Index averaged 248.6 points in March, up 46.9 points from February and hitting a new record high. “The sharp rise of the index was driven by higher sunflower, palm, soy and rapeseed oil prices. “Noticeably, volatile and higher crude oil values also lent support to international vegetable oil prices,” it said. “International poultry meat prices firmed, fuelled by reduced supplies from leading exporting countries following avian flu outbreaks, further impacted by Ukraine’s inability to export poultry meat amid the ongoing conflict.

Source: The Guardian April 08, 2022 16:32 UTC