International Food Prices Continue Rising in April
International food commodity prices rose for the 11th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, the Food and Agriculture Organization of the United Nations (FAO) reported.
The FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level in the same month last year. The index, which tracks monthly changes in the international prices of commonly-traded food commodities, reached its highest level since May 2014, and in nominal terms is 12 percent below its all-time peak in February 2011.
The FAO Sugar Price Index increased 3.9 percent during the month to reach levels nearly...
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