Food prices fell slightly in April . after a hike record in March

The Food and Agriculture Organization of the United Nations said today, Friday, that global food prices fell slightly last April, after reaching a level record in March, and decreased thanks to vegetable oils and cereals.

The Food and Agriculture Organization (FAO) Food Price Index, which measures the most traded food products globally, recorded a media by 158.5 points last month, up from 159.7 after an upward revision in March.

The March 2022 figure was previously set at 159.3 points.

“The slight decline in the index is a relief, especially for low-income countries with food deficits, but food prices are still close to recent highs, reflecting the crisis,” said Maximo Torero Colin, head FAO economist. persistent markets and this represents a challenge for global food security for the most vulnerable ”.

Although it is in drop on a monthly basis, the April index was 29.8% in more than the previous year, pushed in starts from concerns about the impact of the Russian invasion of Ukraine.

In separate estimates of wheat supply and demand on Friday, “FAO” slightly lowered its forecast for global wheat production in 2022 to 782 million tons from last month’s 784 million.

The forecast took into account an expected 20% decrease in the collection areas in Ukraine and an expected decrease in production in Morocco due to drought.

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