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Food Prices Rise at Fastest Pace on Record

by Tom Ozimek


Food prices across the world rose at their fastest pace on record in March, according to a UN agency.

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…


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