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Global Food Price Index Up in April

6 May 2016

• 6 May 10:57

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Global prices of key staple food commodities rose in April, marking its third consecutive monthly increase after four years of decline. The FAO Food Price Index averaged 151.8 points in April, a 0.7 per cent increase from March. That is about 10 per cent below its level of a year ago and more than a third off its 2011 highs. The gradual increase is far from even across the board. April's increase was driven by palm oil prices and, in a minor key, cereals, while sugar prices tapered down after a strong increase in March. The FAO Food Price Index is a trade-weighted index tracking international market prices for five key commodity groups: major cereals,. Read more...