Global food prices rise for third month amid supply chain strains
after close1 source ↓written by the desknot a recommendation
- in April
- 130.7 points
- from March
- 1.6%
- oil index surged
- 5.9%
World food commodity prices increased for the third consecutive month, with the FAO Food Price Index averaging 130.7 points in April, up 1.6% from March. Key drivers include rising costs in vegetable oils, meat, and cereals, exacerbated by the ongoing conflict affecting the Strait of Hormuz. The vegetable oil index surged 5.9%, reflecting strong demand from the biofuel sector. 📈
Not investment advice. For informational purposes only.