Food prices rise but 2013 cereal crop looks strong

ROME (Reuters) – Global food prices rose in April for a third straight month as surging dairy costs kept upward pressure on the United Nations food agency's index, but cereal output is expected to be strong this year. Food prices spiked during the summer of 2012 as the United States was hit by a severe drought and dry weather plagued other producers. After falling at the start of 2013, prices have been rising again in the past three months. …