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Food Prices up 1 Percent Worldwide in March, UN Says

April 11, 2013

International food prices increased 1 per cent in March from February, the United Nations' Food and Agriculture Organization (FAO) said Thursday.

The increase was fueled by an 11-per-cent rise in dairy prices.

FAO said it was "one of the largest recorded changes," which came as a result of a significant drop in milk production in Oceania due to hot, dry weather.

The Rome-based agency noted that prices for cereals were stable, while they fell for meat, oils and fats and increased slightly for sugar.

Food markets are closely monitored by FAO, as price spikes can aggravate the global hunger crisis.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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