The Food and Agriculture Organisation's price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 212.4 points in March, up 1 pct from 210.7 in February.
The Rome-based agency raised its estimate of world cereal output in 2012 to 2.309 billion tonnes, up 3 million tonnes from a forecast made in March.
It said world cereal production could recover strongly in 2013, barring bad weather, driven by an expansion of plantings brought about by attractive prices and a recovery in yields from below-average levels in 2012
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