FAO Food Price Index up marginally in April

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The benchmark for world food commodity prices edged higher in April, as rising meat prices and modest upticks for vegetable oils and cereals more than offset decreases for sugar and dairy products, the Food and Agriculture Organization of the United Nations (FAO) reported.

The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally-traded food commodities, averaged 119.1 points in April, up 0.3 percent from its revised March level, while down 9.6 percent from its year-earlier level.

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