Global food prices drop sharply in May: FAO

A woman removing straw from rice with a broom as it dries in the sun outside her home, Kamangu, Democratic Republic of Congo.

Global food prices have dropped sharply in May for the second month in a row according to the United Nations’ Food and Agriculture Organisation (FAO).

The FAO Food Price Index, which measures the monthly change in international prices of a basket of food commodities, fell by four percent in May.

The agency credits the drop in food prices to generally favourable supplies, growing global economic uncertainties and a strengthening of the US dollar.

But it also cautions that while crop prices have come down sharply from their peak level, they still remain high and vulnerable due to risks related to weather conditions in the critical growing months ahead.

Filed under Today's News.
UN Radio Daily News Programme
UN Radio Daily News Programme
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