Palm oil pushes global food prices up in April: UNFAO

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UNITED NATIONS, May 6 (APP)- Global prices of key staple food
commodities rose in April, marking a third consecutive monthly increase after four years of decline, the UN Food and Agriculture Organization (FAO) said Friday.

The FAO Food Price Index averaged 151.8 points in April, a 0.7 per cent
increase from March. That is about 10 per cent below its level of a year ago and more than a third off its 2011 highs.

The gradual increase is far from even across the board, FAO said.
April’s increase was driven by palm oil prices and, in a minor key, cereals, while sugar prices tapered down after a strong increase in March.