date:May 14, 2013
The FAO Food Price Index averaged 215.5 points in April 2013, up two points (1.0 per cent) from its revised March value of 213.2 points and from April last year. At that level, the index is only nine per cent below the peak reached in February 2011. Similar to the price development in March, the April increase was driven almost exclusively by a sharp rise in dairy quotations, as meat prices rose marginally while those of the other food commodities fell.
The FAO Cereal Price Index averaged 234.6