World food prices edge up slightly in April
In April, world food prices managed to go up slightly as revenues in vegetable oil as well as cereals prices more than just compensated drops in dairy as well as sugar prices, according to Thursday’s report of the United Nations food agency.
The Food and Agriculture Organization’s food price index, gauging monthly changes for a basket of oilseeds, cereals, meat, dairy products and sugar hit 151.8 points in April compared to a revised 149.5 points the month before.
April’s minor increase is the third month of gradual surges on the index after four annual declines.
The Food and Agriculture Organization forecasts world cereals production in 2016-17 would be approximately 2.526 billion tonnes. The given outcome seems almost intact from the previous year and definitely higher the forecast for the previous month.
Additionally, world wheat output is expected to reach up to 716.9 million tonnes 2016-17,thus surpassing the previous prediction.
In April, food prices on international markets were 10% lower than last year.