The latest measure of global food prices indicates another month of decline.   he Food and Agriculture Organization of the United Nation's monthly report released this week showed a 1.8% decline in April, compared to food prices in March.  The FAO Food Price Index, however, is still 10% higher than year-ago levels.  The Index consists of the average of five commodity group price indices, weighted with the average export shares of each of the groups for 2002-2004.


Prices for cereal crops were down 1.2% compared to March, and the Vegetable Oil Price Index dropped 3.9%.  Dairy prices fell 3.3% in April, representing the second straight month of decline.  Meat prices edged higher in April, up 1.8% from March, and the Sugar Price Index dropped 9.1% in April, compared to the month prior.



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