World food prices slip in May, still near three-year high, FAO says - BNN Bloomberg
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0.266 · RIGHT
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0.133 · CENTER
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Article Excerpt
PARIS - World food prices slipped in May from a revised April level, with vegetable oil prices falling for the first time this year while cereals and sugar jumped, the United Nations Food and Agriculture Organization said on Friday.
The FAO Food Price Index, which measures changes in a basket of globally traded food commodities, averaged 130.8 points in May, 0.2 per cent down from its revised April level of 131.0, but up 2.9 per cent from a year earlier.
Despite the small downward correction for the April data, the index remained near its highest level since January 2023 and 18.4 per cent be…
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