The benchmark index of international food commodity prices rose in April for the first time in a year after averaging 127.2 points, up 0.6% from March. The jump is due to higher world quotations for sugar, meat and rice, as reported this week by the Food and Agriculture Organization of the United Nations (FAO).
“It is important that we follow very closely the evolution of prices and the reasons for their increase. As economies recover from significant slowdowns, demand will increase, putting upward pressure on food prices”, said Mr. Máximo Torero, FAO Chief Economist.
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