World food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic. Reuters covers the news from the United Nations food agency.
The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 165.5 points last month, down 3.4% on March.
The FAO sugar price index fell to a 13-year low, plunging 14.6% from March, with the coronavirus crisis hitting demand and tumbling crude oil prices also reducing the need for sugarcane to produce ethanol, the Rome-based agency said.
