The U.N. Food and Agriculture Organization's (FAO) price index, which measures monthly changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 171 points in April, 1.2 percent below its reading in March.
The FAO lowered its forecast for world cereal production in 2015-16 to 2.509 billion tonnes, below the March forecast of 2.548 billion tonnes.
Cereal stocks at the end of the 2015-16 season are now forecast to reach 626.6 million tonnes, down from a previous reading of 645.6 million tonnes.
Reuters
