Food prices increased further in May
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.
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)
Related news
FAO food price index fell in May
The benchmark global food price index fell in May from…
Read more >Why are apples cheaper in Poland? – Prices, VAT and agricultural strategy in the background
A model Polish economy and a conscious tax policy are…
Read more >AM: strategic goal for Hungary to become self-sufficient in potato production
The Ministry of Agriculture (AM) considers it of utmost importance…
Read more >Related news
KSH: in April, retail turnover exceeded the same period of the previous year by 5.0 percent and the previous month by 2.0 percent
In April 2025, the volume of retail trade turnover increased…
Read more >FAO food price index fell in May
The benchmark global food price index fell in May from…
Read more >Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >