Dairy prices | Back World food prices rise for first time in a year; sugar index surges 17.6% from March

The United Nations food agency's world price index rose in April for the first time is a year, led by higher prices for sugar, meat, and rice that offset declines in the cereals, dairy, and vegetable oil price indices.

Published by: Autora1

The overall price index is still around 20 per cent up on a record hiThe overall price index is still around 20 per cent up on a record high hit in March 2022 following the Russia-Ukraine war.gh hit in March 2022 following the Russia-Ukraine war.

The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 127.2 points last month against 126.5 for March. The March reading was originally given as 126.9.

At that level, the Index was 19.7 percent below its level in April 2022, but still 5.2 percent higher than in April 2021.

The sugar price index surged 17.6 per cent from March, hitting its highest level since October 2011. The Rome-based agency said the rise was linked to concerns of tighter supplies following downward revisions to production forecasts for India and China, along with lower-than-earlier-expected outputs in Thailand and the European Union, according to news agency Reuters.

At that level, the Index was 19.7 percent below its level in April 2022, but still 5.2 percent higher than in April 2021.

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