Africa: World Food Prices Drop in March Due to COVID-19 and Oil

Weakening demand and falling oil prices due to the global pandemic drive down international prices for major food commodities

World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices due mostly to expectations of economic slowdown as governments roll out restrictions designed to respond to the health crisis.

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