Prices for grains, vegetable oils and other food commodities soared to the highest levels on record last month, the UN Food and Agriculture Organization said Friday.
Driving the news: The organization's Food Price Index, which tracks monthly changes in the international prices of a basket of commonly traded food commodities, averaged 159.3 points in March. That's up 12.6% from February, when the index reached its highest level since its inception in 1990.
