World Food Prices Extend Rise in April for a Third Month, FAO Says
The FAO said vegetable oils, meat and cereals pushed the index up 1.6% to 130.7 points, offsetting lower sugar and dairy prices.
- On Friday, the United Nations Food and Agriculture Organization reported global food prices rose for the third consecutive month in April, with the FAO Food Price Index averaging 130.7 points, up 1.6% from March.
- The FAO Vegetable Oil Price Index jumped 5.9% to its highest level since July 2022, driven by the Iran war and the effective closure of the Strait of Hormuz disrupting global supplies.
- Beef prices hit a new peak as Brazil struggled with tight supplies of slaughter-ready cattle, while the FAO Meat Price Index climbed 1.2% to 129.4 points and the FAO Cereal Price Index rose 0.8%.
- Offsetting these gains, the FAO Sugar Price Index fell 4.7% due to favorable weather forecasts for ample supply in Brazil, China, and Thailand, while the FAO Dairy Price Index dipped 1.1%.
- FAO chief economist Maximo Torero said elevated energy costs are driving demand for biofuels made from organic materials, though global agri-food systems are showing resilience despite war-linked disruptions.
19 Articles
19 Articles
Interruptions caused by the war in Iran are contributing to the discharge, says UN body
Food prices rise due to the energy crisis and tensions in the Middle East. The global food price index rose in April for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) reported on Friday. The indicator rose 1.6% compared to March, […]
Wall Street opens in green after a better job creation in the US than expectedWarner reports loss of $2.9 billion from the merger agreement with ParamountFood prices rose moderately in April, for the third consecutive month, due to higher energy costs and disruptions due to the war in the Middle East, said the Food and Agriculture Organization of the United Nations (FAO) on Friday.
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
