After a record, the cost of foodstuffs falls in April

After an all-time high in March, world food prices fell slightly in April, but remain at a high level due to the war in Ukraine, the United Nations Food and Agriculture Organization announced on Friday. agriculture (FAO).

Vegetable oils down

The FAO Food Price Index, which tracks the monthly change in international prices of a basket of basic food products, registered a slight decrease of 0.8% in April compared to March, after two records in March and February, the organization said in a statement.

The fall in the FAO vegetable oil index of 5.7% in April brought this drop, with prices which nevertheless remained at a historically very high level due to “uncertainties concerning the export availabilities of Indonesia, the main exporter palm oil market”, which announced the blocking of its exports.

A relief

“This slight decline in the index is a welcome relief, particularly for low-income countries, but food prices remain close to recent highs, reflecting continued market tensions and posing a challenge to food security. for the most vulnerable,” said FAO Chief Economist Máximo Torero Cullen.

Leave a Comment