AsianetApril 12, 2013 17:17
A sharp surge in price of dairy products pushed overall food cost one percentage point higher in March, UN reported Thursday, noting world wheat production remained on track to reach its second highest level ever barring adverse weather.
In its latest monthly Food Price Index (FPI), UN's Food and Agriculture Organization (FAO) said dairy component of the index, which carries a 17 percent weight in the overall calculations, jumped by 22 points to 225 - one of the largest recorded changes - due to Oceania's hot, dry weather that cut into production of milk and its various by-products.<
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