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FAO reported increase in food prices for the second consecutive month
Friday, May 3, 2024 - 12:00
Carne. Foto: Andina.

In April it grew 0.3% compared to the previous month, but 18.3% less than a year ago.

The food price index prepared by the Food and Agriculture Organization of the United Nations (FAO) registered its second consecutive monthly increase in April, reaching 119.1 points, which represents a monthly increase of 0. 3%, although it still remains 7.4% below the reading from a year earlier.

The increase in the cost of food worldwide in April reflected the rise in the price of meat and also, although more modestly, of vegetable oils and cereals, compared to the decreases observed in the indices of sugar and dairy products.

Specifically, the FAO cereal price index reached an average of 111.2 points in April, that is, 0.3% more than in March, but 18.3% less than a year ago, while that the data for vegetable oils reached an average of 130.9 points, 0.3% more than in March and the highest level in 13 months, as a result of the rise in the prices of sunflower and rapeseed oils, which more than offset the slight decrease in the prices of palm and soybean oils.

In turn, the dairy product price index registered an average of 123.7 points in April, 0.3% below the March figure, and 4.3% less than a year before, while the The meat price index stood at 116.3 points, with a monthly increase of 1.6%, which represents its third consecutive month of increase and leaves the index only 0.4% below its value a year ago. anus.

In the case of sugar, the FAO price index registered an average of 127.5 points, that is, 4.4% less than in March, which represents the second consecutive monthly decrease and leaves the index 21.9 points or 14.7% below its April 2023 value.

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Europa Press