Food prices remain close to their recent highs, reflecting ongoing market tensions and threatening global food security.
After a record rise in March, global food prices dropped slightly in April, but global food security is at risk due to difficult market conditions. FAO reports.
The FAO food price index reported 158.5 points, down 0.8% from March.
The Agencies Grain Price Index fell 0.7% in April after jumping 17% in March. Corn prices fell 3.0%, while wheat prices, by contrast, rose 0.2%.
The vegetable oil price index was reported to have fallen 5.7% in April as demand rationing pushed down prices for palm, sunflower and soybean oils.
Prices for sugar rose 3.3%in April, the price index for meat rose 2.2%, for dairy products – by 0.9%.
“The slight decline in the index is a welcome relief, especially for low -income, food -deficient countries, but food prices remain close to their recent highs, reflecting ongoing market tensions and threatening on global food security for the most vulnerable. ” said FAO Chief Economist Maximo Torero Cullen.
Earlier it was reported that the war in Ukraine destroyed food supplies, as well as disruption to the energy and financial systems of developing countries.
Earlier, the UN Secretary -General said that the war in Ukraine to one degree or another has exacerbated the situation of 1.7 billion people, a third of whom are below the poverty line.
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Source: korrespondent
