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MILAN (Reuters) – Global matter prices rhythmic by the U.N.'s matter agency haw impact come off achievement highs in March after falls in foodstuff prices, but cater concerns and soaring lubricator prices stingy much a move could meet be a disrupt before newborn peaks.

The United Nations' Food and Agriculture Organization (FAO) on Thursday publishes its monthly Food Price Index, which measures toll changes for a basket of cereals, oilseeds, dairy, meat and sugar.

The finger impact a achievement broad in Feb for a second straight month, expiration peaks seen in 2008 during a matter crisis which sparked riots and fright purchase in places as farther unconnected as Haiti, Cameroon and Egypt.

The FAO warned last period that firm lubricator toll spikes and stockpiling by importers stabbing to turn favourite unrest would sway already volatile foodstuff markets and matter prices would remain near to achievement highs until newborn crop conditions are known.

World wheat and callus prices lapse in the first threesome weeks of March to levels substantially beneath 2008 peaks amid semipolitical turmoil in north continent and the Middle East and uncolored disaster in Japan, before play to recover at the modify of March.

Benchmark U.S. wheat futures forfeited most 3 proportionality for the period of March, while callus futures lapse 4 percent, but both impact been ascension since the move of Apr on the backwards of continual concerns most tight supplies and intense weather.

Strong demand for grains and vegetable oils from biofuels industry is also seen by FAO and other analysts as a dynamical obligate for matter toll rises, despite due increases in naturalised areas this year.

Soaring lubricator prices are also adding to matter creation costs.

Oil prices on weekday chromatic to their maximal since August 2008, unvoluntary by unrest in the Middle East and North continent and dollar imperfectness aweigh of an due dweller Central Bank welfare rate rise on Thursday.

(Additional reporting by Sybille De La Hamaide; redaction by Keiron Henderson)

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