Food prices rose around the world in April for the second straight month, driven by higher prices for meat, dairy products and grains, according to a report by the United Nations Food and Agriculture Organization (FAO). .
The food price index calculated by the FAO, tracking the evolution of the prices of a “basket” of basic products, increased by 0.3% compared to March, reaching 119.1 points. The index declined steadily from August to February. However, on an annual basis, prices have fallen by 9.6% compared to the same period in 2023.
In April, the price of meat recorded the largest increase (+1.6%) worldwide. The price of poultry increased on the one hand due to the significant imports from its countries Middle East but also due to the reduction in production linked to bird flu. On the contrary, the price of pork fell, due to the reduced demand in West Europe and China.
According to protothema, the price of grain rose by 0.3%, which was attributed to unfavorable weather conditions for the next harvest in some EU countries, Russia and the US. The price of oils showed the same increase, while, on the contrary, from the basic products, sugar showed a significant decrease (-4.4%) since an increase in production is expected in India, Thailand and Brazil.
The price of dairy fell 0.3% overall, even as the price of butter rose steadily, as stocks in Western Europe fell.
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