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Food prices soar: April hits highest level in two years

Summary by Financial World
In a separate report on supply and demand in the cereal market, the FAO slightly reduced the estimate of world cereal production in 2024 to 4.848 billion tons, as the maize crop was weaker than previous calculations indicated. Food prices rose in April to the highest level in two years, driven by significant increases in the prices of meat and milk and dairy products, the United Nations food agency FAO reported. The FAO price index of the basket…

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Financial World broke the news in on Tuesday, May 6, 2025.
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