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Food Costs Jump to 10-Month High as Weather Hurts Beef to Wheat

World food prices rose to a 10-month high in March as crop damage from dry weather across the globe lifted the cost of everything from beef to wheat.

An index of 55 food items climbed 2.3 percent to 212.8 points from a restated 208 in February, the Rome-based United Nations’ Food & Agriculture Organization said on its website today. The gauge, at its highest since May, is still down 1 percent from a year earlier.