World food prices climbed in March to their highest level since September last year, with potential for further increases if the Middle East conflict continues. The United Nations Food and Agriculture Organization reported the rise on Friday.
An index of food commodity prices increased by 2.4% in March, marking the second consecutive monthly rise. Significant increases were seen in vegetable oil and sugar prices, up 5% and 7% respectively.
The increases are linked to rising energy prices and freight costs resulting from the conflict. The UN also reported that higher fertilizer costs threaten future harvests and yields, despite currently stable market supplies.