Worldwide Food Prices Rise at Fastest Pace on Record Amid War-Caused Export Disruptions

Food prices across the world rose at their fastest pace on record in March, according to a UN agency that pointed to conflict-related export disruptions from Ukraine as a key factor behind the inflationary pain.
The Food and Agriculture Organization of the United Nations (FAO) said that its food price index made a “giant leap” in March, rising 13 percent over the month to 159.3 points, an all-time high.
Record surges were also noted in several food sub-categories, with prices of vegetable oil, cereals, and meat vaulting to unprecedented levels.