U.N. Food and Agriculture Organization

World food prices hold firm in June, UN’s FAO reports

The United Nations world food price index held steady in June data showed on Friday, with increases in vegetable oil, sugar and dairy products offset by a fall in the price of cereals. The U.N. Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 120.6 points in June, unchanged from May. The May figure was revised from an initial reading of 120.4. The FAO index hit a three-year low in February as food prices receded from a record pea...

June 7, 2024 4:56 PM

World food prices rise for third straight month in May, UN says

The United Nations World Food Price Index rose for a third consecutive month in May, as higher cereals and dairy product prices outweighed drops in prices for sugar and vegetable oils. The U.N. Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 120.4 points in May, up 0.9% from its revised April level, the FAO said on Friday. The May reading was nonetheless 3.4% below the level seen a year earlier. The FAO index hit a three-year l...