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Browsing: international food prices
- 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 …
