The United Nations' Food and Agriculture Organization (FAO) has reported that the global food price index reached a record high in March 2022, due to the ongoing conflict in Ukraine. The index saw a monthly increase of 12.6% and a year-over-year increase of 33.6%, driven by record prices in vegetable oils, cereals, and meat. Specifically, cereal prices surged due to increased global wheat and coarse grain prices, largely due to export shocks from Ukraine and Russia. Vegetable oil prices also hit a record high, with significant increases in sunflower, palm, soybean, and rapeseed oils. Dairy product prices continued their upward trend, driven by milk production shortages in Western Europe and Oceania. Meat prices also reached an all-time high, with pork prices seeing the sharpest monthly increase since 1995 due to reduced supplies in Western Europe and a surge in demand in anticipation of Christmas. International poultry meat prices also rose, largely due to decreased supplies in major exporting countries and Ukraine's inability to export due to the conflict.