Food prices drop again in March, says FAO

A man carrying sugar cane in Mozambique. [email protected]

Global food prices dropped again in March, driven by a decline in sugar prices, according to the UN Food and Agriculture Organization (FAO).

The FAO Food Price Index dropped by 1.5 per cent from February and by 18.7 per cent compared to its level a year ago.

The index measures monthly changes in international prices of a basket of food commodities.

The UN agriculture agency said the price index for sugar reached its lowest level since February 2009.

Sandra Ferrari spoke with Abdolreza Abbassian, a senior economist at FAO in Rome, about the trends in the FAO Price Index released on Thursday.

Duration: 3’42”

Source: Africa