World Food Prices Rise for First Time in a Year: FAO

Fresh produce are displayed at a fruit and vegetable stall at Portobello Road in London, on March 31, 2023. Toby Melville/Reuters

The world price index of the United Nations food agency increased in April this year for the first time since April 2022, but it is still 20 percent lower than a March 2022 peak after the war in Ukraine started.

The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 127.2 points last month against 126.5 points for March, the agency said on Friday. The March reading was originally given as 126.9 points.