The FAO Vegetable Oil Price Index averaged at 130 points in April, down 1.3% on the month due to stable palm oil prices and lower soy, sunflower and rapeseed oil prices.Ī potentially record soybean crop in Brazil weighed on world soybean oil prices while global prices of rapeseed and sunflower oils also kept falling, underpinned by lingering abundant global exportable supplies, FAO said. The agency added that the world poultry meat prices also rebounded on higher Asian demand and supply limitations from the spread of avian flu.
The FAO Meat Price Index averaged at 114.5 points in April, up 1.3% from March with pig meat seeing the sharpest increases due to increased imports from Asian countries, the FAO said.
Lower production forecasts from India, China, Thailand and the EU coupled with a slow harvest in Brazil pushed prices higher, according to the FAO. Receive daily email alerts, subscriber notes & personalize your experience.įAO's Sugar Price Index averaged at 149.4 points, up 17.6% from March and at its highest level since October 2011, driven by availability concerns in the 2022-23 season, FAO said May 5.
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