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Index reaches highest level since May 2014.
May 10, 2021
The FAO Food Price Index (FFPI) averaged 120.9 points in April 2021, 2.0 points (1.7%) higher than in March and as much as 28.4 points (30.8%) above the same period last year. The increase marked the eleventh consecutive monthly rise in the value of the FFPI to its highest level since May 2014. The April rise was led by strong increases in the prices of sugar, followed by oils, meat, dairy and cereals.
The FAO Meat Price Index averaged 101.8 points in April, up 1.7 points (1.7%) from the slightly revised value for March, marking a seventh consecutive monthly increase and raising the index by 5.1% above the corresponding month last year. In April, bovine and ovine meat quotations rose, underpinned by solid demand from East Asia, amidst tight supplies from Oceania due to ongoing herd rebuilding and low inventories. Elevated internal sales in some producing regions also supported bovine and ovine meat prices. Pig meat qu
ROME (FAO) – International food commodity prices rose for the 11
th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, the Food and Agriculture Organization of the United Nations (FAO) on 6 May 2021 reported.
Loading sugarcane in Nigeria.
The FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level in the same month last year.
The index, which tracks monthly changes in the international prices of commonly-traded food commodities, reached its highest level since May 2014, and in nominal terms is 12 percent below its all-time peak in February 2011.
The FAO Sugar Price Index increased 3.9 percent during the month to reach levels nearly 60 percent higher than in April 2020, with concerns over slow harvest progress in Brazil and frost damage in France heightening concerns over tighter global supplies.
International Food Prices Continue Rising In April
FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level in the same month last year.
Sugarcane farmers May 08, 2021
International food commodity prices rose for the 11th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, according to the Food and Agriculture Organization of the United Nations (FAO).
The FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level in the same month last year. The index, which tracks monthly changes in the international prices of commonly-traded food commodities, reached its highest level since May 2014, and in nominal terms is 12 percent below its all-time peak in February 2011.
With unabating security challenges in Nigeria, skyrocketing food prices is combining to put many homes across the country at risk.
Prices of essential food items are getting out of the reach of most Nigerians, and the government does not seem to have any immediate solution.
The way things are, ravaging hunger is likely to compound the security situation in Nigeria under President Muhammadu Buhari’s watch.
Nigeria is however, not alone in the zooming food prices. International food commodity prices rose for the 11
th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, the Food and Agriculture Organisation (FAO) reported on Thursday.