Source:Rita Jane Gabbett, MEATINGPLACE, 5/6/16


The Food and Agriculture Organization of the United Nations monthly Food Price Index averaged 151.8 points in April 2016, up 1.1 points (0.7 percent) from March, but almost 10 percent below its April 2015 level.

A relatively strong rise in vegetable oil quotations coupled with a more modest gain in international prices of cereals more than offset a decline in dairy and sugar prices. The small increase in April represented a third month of gradual rise in the value of the index.

The FAO Meat Price Index averaged 146.6 points in April, up 1.2 points (0.8 percent) from March. The prices of pork and poultry were mostly steady, reflecting an overall balanced supply and demand situation. While they moved higher for sheep meat, the main notable change concerned the rise in beef prices, where restricted supplies and an up-tick in demand from the United States pushed up Australia’s average monthly export prices to their highest level since October 2015.

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