May 4, 2017 / 8:15 AM / a year ago

World food prices fall 1.8 pct in April - UN FAO

ROME, May 4 (Reuters) - World food prices fell 1.8 percent in April from the month before as values declined for all agricultural commodities except meat, the United Nations food agency said on Thursday.

The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 168 points in April, down 3.1 points from March.

FAO marginally raised its forecast for global cereals output in the 2017-18 season, to 2.599 billion tonnes. Global wheat production is expected to hit 740 million tonnes, short of last year’s record harvest. (Reporting by Isla Binnie; editing by Agnieszka Flak)

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