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Global food prices recorded another rebound during the month of April, marking the second consecutive increase. This is driven by the increase in tariffs on meat, dairy products and cereals, according to a report from the Food and Agriculture Organization of the United Nations (FAO).
The food price index calculated by FAO, which tracks the variation in international prices of a basket of basic products, grew 0.3% in April compared to March.
In April, the price of meat increased the most (+1.6%). Cereals rose 0.3%, especially due to weather conditions for the upcoming harvest in several producing countries, and vegetable oils also rose 0.3%. Among the products whose rates fell was sugar (-4.4%).
📊 FAO Food Price Index increases slightly in April.
📌Although a second monthly increase was recorded in April after 7 months of downward trend, the value of the index was 9.6 points (7.4%) lower than a year ago.
📰 https://t.co/oKeALJULdE pic.twitter.com/GHy38fFvSF
— FAO Colombia (@FAO_Colombia) May 3, 2024
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