World food prices rebounded in April, driven by rising prices for meat, cereals and vegetable oils, according to the Food and Agriculture Organization of the United Nations (FAO), which however notes reductions in dairy products and sugar.
The FAO index, which tracks international prices for a basket of commodities, was up 0.3% from March, but down 9.6% from the same period in 2023 , specifies the UN body in its new report.
Likewise, the cereal price index increased by 0.3% compared to March, ending a three-month downward trajectory, explains the FAO, highlighting an increase in corn export prices, affected by strong demand amid growing logistics disruptions, while rice prices fell 1.8%.
Concerning vegetable oils, the FAO Index reported an increase of 0.3% compared to March, reaching a 13-month high, as the increase in quotations for sunflower and rapeseed oil offset the slight decline. prices of palm oil and soybean oil.
Meat prices also increased by 1.6% in April compared to the previous month, with international prices for poultry, cattle and sheep all increasing, the same Source added, noting that sugar prices increased. fell 4.4% from March and is 14.7 percent below its April 2023 level.
Regarding dairy product prices, the FAO Index shows a slight decrease of 0.3%, ending six consecutive months of increases, due to weak demand for spot imports of skimmed milk powder and the decline in world cheese prices, driven by the strengthening of the United States dollar. Global butter prices, on the other hand, have increased due to stable import demand.
With MAP
){kind=link}