World food prices up in April for second month: UN agency

PARIS: The U.N. food agency’s world price index rose for the second consecutive month in April, as higher meat prices and small increases in vegetable oils and grains offset declines in sugar and dairy products. The Food and Agriculture Organization’s price index, which tracks the most traded food commodities globally, averaged 119.1 points in April, up from a revised 118.8 points for March, the agency said Friday. Yet the FAO’s April reading was 7.4 percent below the level a year earlier.