Global food prices are @ a 10-month high, largely because of the rise in meat and diary prices, marking its highest value since June 2018.

UN Food and Agriculture Organization (FAO) Index  is a trade-weighted index that tracks international market prices of five major food commodity groups.

The dairy price index increased 5.2% from March, representing the fourth-consecutive-month-rise.

Last month, the meat price index rose by 3.0% from a month earlier, stemming from a sharp jump in international price quotations of pig meat. Also bovine, poultry and meat prices all firmed.

FAO vegetable oil price and sugar price indexes rose by 0.9% and 0.8%, respectively, during the same period.

The UN body said cereal price index fell by 2.8% on a monthly basis in April, led by wheat and maize while rice quotations were broadly stable.

AA. com / ABC Flash Point Food News 2019.

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Seven Deadly Sins
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11-06-20 22:48

Another scam that hits the poor?