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.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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