The Food and Agriculture Organization of the United Nations said today that food prices are at their highest levels ever.
The UN body said its food price index rose 12% in March, reaching its highest level since its inception in 1990. The price increases are largely due to disruptions caused by the Russian invasion of Ukraine. Russia and Ukraine are combined responsible for 30% of global wheat exports and 20% of global corn exports, the Food and Agriculture Organization said in a press release.