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World food prices dip in May led by cereals, vegetable oils
Business World Philippines
|June 09, 2025
Global food commodity prices declined in May, driven by marked drops in cereal, sugar, and vegetable oil prices, the UN Food and Agriculture Organization (FAO) said.
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The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 127.7 points in May, reflecting a 0.8% decrease from the April figure.
The May reading was up 6% from a year earlier but over 20% below a March 2022 peak following Russia’s full-scale invasion of Ukraine that started a devastating war between two of the world’s leading grains producers.
The FAO cereal price index fell 1.8% month on month, led by a sharp drop in global maize prices. Strong harvests and ample supplies in Argentina and Brazil, along with expectations of a record crop in the US, weighed on prices.
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