Cereal prices also up 0.3% mth/mth (Il Sole 24 Ore Radiocor) - Rome, 03 May - The FAO cereal price index rose 0.3% month on month in April from March, ending a three-month declining trajectory. The FAO all-rice price index declined 1.8%, due largely to falls in Indica quotations driven by harvest pressure.

The vegetable oil price index also increased 0.3% from March, reaching a 13-month high, as higher quotations for sunflower and rapeseed oil offset slightly lower prices for palm and soy oil.

Meat prices rose 1.6% in April from the previous month, as international poultry, bovine and ovine meat prices all rose.

World pig meat prices fell marginally, reflecting slack internal demand in Western Europe and persistently lacklustre demand from leading importers, especially China.

Sugar prices declined 4.4% from March to stand 14.7 percent below its April 2023 level. The decrease was mostly related to improved global supply prospects, notably due to larger-than-previously-anticipated outputs in India and Thailand and improved weather conditions in Brazil, the FAO said.

The dairy price index decreased 0.3 percent, ending six consecutive months of increases, led by sluggish spot import demand for skim milk powder and by lower world cheese prices, impacted by the strengthening of the US dollar. World butter prices, by contrast, increased amid steady import demand.

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(RADIOCOR) 03-05-24 13:19:57 (0333) 5 NNNN