UPDATE 1-World food prices up in April for second month, says UN agency

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The United Nations food agency's world price index rose for a second consecutive month in April as higher meat prices and small increases in vegetable oils and cereals outweighed declines in sugar and dairy products. The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 119.1 points in April, up from a revised 118.8 points for March, the agency said on Friday. The FAO's April reading was nonetheless 7.4% below the level a year earlier.