Economic Indicators

World food prices up in May for third consecutive month, UN agency says

06/07/2024

Less than a minute

2024.06.07 04:30

© Reuters. FILE PHOTO: A staff member arranges cartons of milk on refrigerator shelves at a supermarket in Beijing, China, May 21, 2021. Picture taken May 21, 2021. REUTERS/Thomas Peter/File Photo

LONDON (Reuters) – The United Nations world food price index rose for a third consecutive month in May, as higher cereals and dairy product prices outweighed decreases in prices for sugar and vegetable oils.

The UN Food and Agriculture Organization’s (FAO) 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 agency said on Friday.

06/07/2024

Less than a minute

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