🚨🌎GLOBAL #FOOD PRICES #RISE IN APRIL, DRIVEN BY CEREALS, MEAT & DAIRY: UN's FAO

🔹FAO Food Price Index climbed 1% in April to 128.3, marking a 7.6% year-on-year increase

🔹Still remains nearly 20% below its peak in March 2022, post-Ukraine war onset

🔹Cereal prices rose 1.2% amid tighter Russian wheat exports, higher rice demand, and declining U.S. corn stocks

🔹Meat prices jumped 3.2%, led by pork and strong bovine demand

🔹Dairy rose 2.4%, with butter at record highs due to inventory declines in Europe

🔹Sugar (-3.5%) and vegetable oils (-2.3%) pulled back amid economic uncertainty and palm oil price drops

🔹2025 wheat production forecast steady at 795 million metric tons; 2024 cereal output trimmed slightly

-Reuters