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Global food commodity prices drop further in April

FAO expects subdued usage to push up cereal stocks in 2019/20 and FAO’s first forecast for wheat markets in 2020/21 points to continued growth in inventories.

date:  07/05/2020

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07 May 2020, Rome - World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities.

The FAO Food Price Index, which tracks international prices of the most commonly-traded food commodities, averaged 165.5 points in April, some 3.4 percent lower than the previous month and 3 percent lower than April 2019.

Full text available here: http://www.fao.org/news/story/en/item/1273914/icode/