Worldwide food prices hit a record high in March as exports from Russia and Ukraine — the world’s largest grain producers — are largely stuck in those countries.
The United Nations said Friday that its food price index jumped nearly 13% from February to March, with wheat, barley, corn, oats and sunflower oil in short supply because of the six-week-old war in Ukraine.
Russia and Ukraine account for 30% and 20% of global wheat and corn supplies, respectively.
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