# Food prices hit record high in March, U.N. agency says | Reuters

> The UN Food and Agriculture Organization reports world food prices jumped nearly 13% in March to a record high. The rise was driven by turmoil in staple grain and edible oil markets caused by the war in Ukraine.

- Date: 2022-04-08 · published 2022-04-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41886-food-prices-hit-record-high-in-march-u-n-agency-says-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record global food price levels signal persistently tight grain and oilseed supplies, supporting feed ingredient prices and raising input costs for animal-feed buyers.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-04-03 | [FAO Food Price Index rises to record high in February](https://feedsoft.ai/events/41782-fao-food-price-index-rises-to-record-high-in-february.md) | -7.3% | -4.2% |
| WHEAT | 2021-12-02 | [World food prices climb in November, stay at 10-year peak -FAO \| Reuters](https://feedsoft.ai/events/43649-world-food-prices-climb-in-november-stay-at-10-year-peak-fao-reuters.md) | +0.3% | -2.1% |
| WHEAT | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -0.2% | -0.6% |
| WHEAT | 2022-04-08 | [Ukraine war drives international food prices to ‘new all-time high’ \| UN News](https://feedsoft.ai/events/14496-ukraine-war-drives-international-food-prices-to-new-all-time-high-un-news.md) | -2.0% | +4.8% |
| WHEAT | 2017-02-03 | [FAO Food Price Index edges higher in February](https://feedsoft.ai/events/8602-fao-food-price-index-edges-higher-in-february.md) | +3.8% | +2.2% |
| CORN | 2022-04-03 | [FAO Food Price Index rises to record high in February](https://feedsoft.ai/events/41782-fao-food-price-index-rises-to-record-high-in-february.md) | +5.4% | -0.7% |
| CORN | 2018-03-30 | [U.S. March hog herd hits record high - Grainews](https://feedsoft.ai/events/66141-u-s-march-hog-herd-hits-record-high-grainews.md) | +2.3% | +3.1% |
| CORN | 2022-11-02 | [Rice, flour, corn prices reach record high in Bangladesh \| Prothom Alo](https://feedsoft.ai/events/7732-rice-flour-corn-prices-reach-record-high-in-bangladesh-prothom-alo.md) | -1.3% | -3.7% |

## Sources

- reuters.com: https://www.reuters.com/world/food-prices-surge-new-record-high-march-un-agency-says-2022-04-08/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.