Global food prices rise for 2nd consecutive month in March amid Middle East conflict: FAO

Global food commodity prices climbed for a second consecutive month in March, driven mainly by higher energy costs linked to escalating conflict in the Middle East, the Food and Agriculture Organization of the United Nations (FAO) said in report released on Friday.

The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 128.5 points in March, up 2.4 percent from February and 1.0 percent above its level a year ago.

According to the report, the FAO Vegetable Oil Index and Sugar Price Index showed the largest increases, up 5.1 percent and 7.2 percent, respectively.

The FAO Cereal Price Index increased by 1.5 percent from the previous month, driven primarily by higher world wheat prices, which rose 4.3 percent.

The FAO Meat Price Index rose by 1.0 percent from the previous month, and the FAO All-Rice Price Index declined by 3.0 percent in March, according to the report.

FAO stated that rising energy and fertilizer prices have been driving up agricultural input costs.

If the conflict stretches beyond 40 days, farmers will have to choose to farm the same with fewer inputs, plant less, or switch to less intensive fertilizer crops, according to FAO Chief Economist Maximo Torero.

These choices will hit future yields and shape food supply and commodity prices for the rest of this year and beyond, Torero said.

Global food prices rise for 2nd consecutive month in March amid Middle East conflict: FAO

Some Japanese people said on Thursday that the government led by Prime Minister Sanae Takaichi must firmly uphold the pacifist constitution.

Their remarks came after French President Emmanuel Macron's visit to Japan from Tuesday to Thursday.

Attending a joint press conference with Takaichi on Wednesday, Macron emphasized that France and Japan have agreed on the importance of on the importance of quickly de-escalating the conflict in the Middle East and upholding international law.

Many saw this as a response to a strongly worded post by U.S. President Donald Trump on social media, which criticized France for refusing to cooperate with the U.S.-Israeli war on Iran.

Some locals in Tokyo expressed their opposition to Japan's involvement in any war, but said Japan could offer help when the conflict in the Middle East ends.

"I think that Prime Minister Takaichi could offer support, provided that we wouldn't get involved in an armed conflict, such as minesweeping operations at sea, as Japan has the best minesweeping technology in the world," said a resident in Tokyo.

"I'm not entirely sure what consequences will follow Trump's demands. There may be additional tariffs, among other things. Our constitution prohibits [Japan's] from getting involved in war, and Prime Minister Takaichi should uphold this principle," said another resident.

Tokyo residents urge PM Takaichi to uphold pacifist constitution