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World Food Prices Rise For Second Month, FAO Reports

“World food prices rose for a second straight month, the United Nations Food and Agriculture Organization (FAO) today said, while global production of coarse grains could set a new record this year with strong growth also projected for global wheat and rice production,” the U.N. News Centre reports. “The slight boost was driven mainly by a spike in dairy prices,” according to the news service (5/9). The price index, “which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 215.5 points in April, up two percent from a revised 213.2 in March,” Reuters notes (5/9).