Zhitong Financial APP learned that on April 11, affected by the news that world food prices jumped to an all-time high, A-share agricultural stocks were strong. As of press time, New Agriculture Development (600359.SH) rose by the limit. Stocks such as 600598.SH, 300970.SZ, 600371.SH, 601952.SH, 600540.SH, 600354.SH, 300189.SZ and other stocks rose.
International staple grain and vegetable oil markets have been severely hit since the conflict between Russia and Ukraine, leading to a sharp jump in world food commodity prices to an all-time high in March, according to a report released by the United Nations Food and Agriculture Organization on the 8th. The FAO food price index averaged 159.3 points in March, rising 12.6 per cent month-on-month after climbing to its highest level since its inception in 1990 in February. The index level in March was 33.6% higher than the same period last year.