The FAO Food Price Index made a slight comeback in April, rising by 0.6% to 127.2 points, largely due to increases in sugar and meat prices. However, compared to April 2022, prices for cereals, dairy products, and vegetable fats have seen significant declines, with cereals dropping by nearly 20% and vegetable fats by over 45%. This decrease in cereal prices is primarily due to a drop in international wheat prices, driven by large export availability from Russia and Australia, favorable crop conditions in Europe, and an agreement allowing Ukrainian grains to pass through the EU. Meanwhile, meat prices have seen a slight increase, driven by higher imports by Asian countries and supply limitations in major exporters, with pork and chicken prices leading the rise.