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Global Food Prices About 10% Lower Than A Year Ago

Global food prices were up slightly in April from March.

The U-N's Food and Agriculture Organisation Food Price Index posted a 0 point 7 per cent increase.

However, the FAO points out the April index was almost 10 per cent below where it was a year ago.

Prices were higher in April for vegetable oils and cereals - lower for dairy and sugar.

The FAO's vegetable index was up 4 point 1 per cent, cereals up 1 point 5 per cent and meat up 0 point 8 per cent.

Despite the cereals index increase, the U-N organisation reports that index is still down 10 point 4 per cent from a year ago.

The dairy price index was down 2 point 2 per cent and the sugar index was down 1 point 7 per cent from March.

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(File photo courtesy of © Can Stock Photo Inc. / dehooks)

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