FAO: high world food prices are completed in April
This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press – Agencies
The United Nations food and agricultural organization (FAO) reported today, Friday, that its reference index for the world prices for food raw materials increased in April, driven by the increase in prices of the main pills, meat and dairy products.
The average price (FAO) in April reached 128.3 points, an increase of 1.0% compared to March and 7.6% compared to the same month of last year.
The cereal prices index experienced a 1.2% increase compared to March, as world prices of wheat increased slightly due to the low export supplies of Russia. The price (FAO) of rice prices has also increased due to the growing demand for aromatic items.
Regarding corn prices, it has increased due to the drop in seasonal actions in the United States of America, while currency fluctuations have affected prices on global markets, in addition to the impact of customs definitions that have increased uncertainty on the market.
In the meat sector, the index (FAO) increased by 3.2% in April compared to March, with the increase in prices of all meat groups, while cow prices recorded an increase in Australia and Brazil, while global import demand continued the limited export availability.
The Dairy Product Product index also increased 2.4% in April compared to the previous month, 22.9%, or its level in the same month of the past year.
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