💨 Abstract

Global food commodity prices increased in April, mainly due to higher cereal, meat, and dairy product prices. The FAO Food Price Index, which measures changes in a basket of international food commodities, rose by 1% to 128.3 points. This was driven by wheat, rice, and corn price increases, while sugar and vegetable oil prices decreased. The meat and dairy price indices also rose significantly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖