Global food prices dropped sharply in May due to generally favorable supplies, growing global economic uncertainties and a strengthening of the US dollar, FAO said on June 7.
The FAO Food Price Index, measuring the monthly change in international prices of a basket of food commodities, fell by four% in May. It averaged 204 points and was 9 points down from April. This was the lowest level since September 2011 and about 14 percent below its peak in February 2011.
For the full story, click here.