Global food prices are starting to fall—with a few key exceptions ...Middle East

Quartz - Economy

Food prices around the world fell for the second consecutive month in May, eased by a drop in vegetable oil prices, according to the United Nations Food and Agriculture Organization (FAO). The FAO’s global food price index dipped 0.6% in May from the month before. In April, the drop was 0.8%. The index measures the monthly change in average prices of meat, dairy, cereals, vegetable oils, and sugar.But the index remains near its recent high set in March, as the Russia-Ukraine war continues to upturn global trade. Food prices peaked in 2011.Over the past few years, food prices have risen sharply due to pandemic-related supply chain shortages, severe weather, and, more recently, export bans and

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Last updated : 03 June 2022 clock 10:00 PM

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Global food prices are starting to fall—with a few key exceptions ...Middle East

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