Thomson ReutersApril 11, 2013 06:30
ROME (Reuters) - Global food prices rose 1 percent in March, the United Nations' food agency said on Thursday, pointing to a surge in dairy costs, while cereals prices were little changed and seen facing downward pressure in coming months.
The Food and Agriculture Organisation's (FAO) price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 212.4 points in March, up 1 percent from 210.7 in February and its highest since October 2012.
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