Global food prices lowest in 5 years, U.N. says

Christopher Doering,

World food prices in March fell to their lowest level since 2010 as consumers benefited from a glut of commodities, the United Nations said this week.

The U.N. Food and Agriculture Organization said the food price index, which measures monthly price changes in cereal, dairy, meat, sugar and oilseeds, fell 2.6 points in March to 173.8 points – the lowest since June 2010.

“Overall, except for a pause in October 2014, the index has been falling steadily since April 2014, on account of large global supplies for most commodities included in the index,” the U.N. said in its monthly report.

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