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- The FAO Food Price Index averaged at 127.2 points in April 2023, up 0.6 percent from March.
- According to FAO, the April rise reflected higher prices for sugar, meat, and rice.
- Price declines were, however, recorded for cereals, dairy, and vegetable oil price indices.
- FAO Chief Economist Maximo Torero terms the increase in rice prices “extremely worrisome”.
Global food prices edged up in April for the first time in the past year. The FAO Food Price Index, which tracks monthly price changes, averaged 127.2 points in April, up 0.6 percent from March.
The Index was 19.7 percent below its level in April 2022, but still 5.2 percent higher than in April 2021. “As economies recover from significant slowdowns, demand will increase, exerting upward pressure on food prices,” FAO Chief Economist Maximo Torero said.
April rise reflected higher prices for sugar, meat and rice, which offset declines in cereals, dairy …
Kenya’s President Uhuru Kenyatta has challenged fellow world leaders to pursue climate change adaptation and mitigation measures that secure people’s livelihoods and expand economic opportunities.
The President said sustainable climate action is largely about people and their livelihoods adding that no one should be left behind in efforts to combat climate change.
The President who spoke at the Climate Change Summit held on the sidelines of the ongoing United Nations General Assembly in New York said Kenya is fully committed to the fight against climate change.
“Our commitment to tackling climate change is deep and arises out of the need to secure our future and that of our children, as we have been victims of droughts and declining rainfall, which have destroyed our lives and livelihoods and …
Envoys representing member states voted in a secret ballot giving Kenya the nod to contest at the UN polls next year in June…