FAO food price index higher in April

FAO's updated global cereal harvest forecast points to stable markets for key staples.

Global prices of key staple food commodities rose in April, marking the third consecutive monthly increase after four years of decline, according to the U.N. Food & Agriculture Organization (FAO).

The FAO Food Price Index averaged 151.8 points in April, a 0.7% increase from March. The index was approximately 10% below the year-ago level and more than a third off its 2011 high.

The FAO Food Price Index is a trade-weighted index tracking international market prices for fiv

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