Categories: Economy

FAO: World food prices rose for the first time in a year in April

FAO: World food prices rose for the first time in a year in April

The Food and Agriculture Organization of the United Nations (FAO) revealed on Friday that the reference index of international prices of food products increased for the first time in a yeardue to the rise in prices such as sugar, meat and rice.

The entity attached to the UN stressed that “the food price index that monitors the monthly variations in international prices of the most traded basic products, reached an average of 127.2 points in April.”

These data represent 0.6% more than in the month of March, while the index was 19.7% below the level of April 2022; however, it is reported to be 5.2% higher than what was reported in April 2021.

Similarly, the FAO indicated that the sugar price index rose 17.6% compared to March, which indicates the highest percentage since 2011, specifically that corresponding to the month of October.

Among the factors recognized by the agency are “the slow start of the sugarcane harvest in Brazil”, the increase in international oil prices and the reduction of production results in India, China, Thailand and the European Union due to dry weather conditions.

Meat also increased its cost by 1.3% during the month of study and the causes are associated, according to the FAO, with “the increase in prices of pork, followed by the prices of poultry, which increased amid Asian import demand and production restrictions spurred by animal health concerns.”

On the other hand, in a context of reduced harvests due to the increase in input costs and adverse weather conditions, especially outside Asia, sales to Asian buyers sustained a rising international rice prices.

Source: Larepublica