Food prices increased further in May

By: trademagazin Date: 2016. 06. 02. 11:40

FAO’s world food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, rose 2.1 percent in May to average 155.8 points.

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Rising prices for most main food commodities apart from vegetable oils resulted in the index’s fourth consecutive monthly rise after it hit a near seven-year low in January.

The biggest rises were in sugar, which rose because production prospects fell in No. 2 producer India, and meat which rose because of high demand from Asia for pig meat from the European Union. (MTI)