Food prices experience a slight dip in March
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WASHINGTON, April 2, 2015 - Global food prices continued their downward path last month, dropping 1.5 percent from February figures according to data from the United Nations.
Other highlights from March Food Price Index data include:
- The Sugar Price Index experienced a sharp 9.2 percent drop from February and is now down to its lowest level since February of 2009.
- The Cereal Price Index slid 1.1 percent in March and about 18.7 percent from a year earlier. Large export supplies and increased inventories were blamed for the slide.
- Meat and vegetable oil indices also dropped 1 percent and 3.1 percent, respectively.
- Dairy was the only commodity to experience a lift in the Price Index, a 1.7 percent hike from February. It was the second consecutive month dairy experienced an increase.
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