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Only meat and sugar registered a global price increase in April, according to FAO

United States
Australia
Brazil
Russia
Ukraine
Published May 9, 2023

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After 12 successive months of devaluation (that is, after reaching a historic price record in March 2022), this past April the FAO Food Price Index (FFPI) showed a slight recovery compared to the previous month (+0.6%), reaching the mark of 127.2 points. In addition to sugar (with a monthly increase of almost 18%), only meat (a 1.28% increase) contributed to this increase. Because the other foods suffered retraction in the month. Dairy products and cereals, 1.74%; and vegetable fats of 1.33%. However, compared to April 2022 (when historical price peaks were still being recorded), losses, with the exception of sugar, remain widespread. The FFPI and cereal prices fell close to 20%. And the drop in the price of vegetable fats was more than 45%. Thus, the smallest reduction index fell to meat: 6% less than a year ago. Explaining the reasons for the sharp drop in cereals, the FAO notes that the decline in world prices for all major grains outweighed a rise in rice prices for the month. ...
Source: Avistie
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