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The Food and Agriculture Organization (FAO) Food Price Index remained stable in May 2026 near its highest level in over three years, showing slight fluctuations from April due to a decline in palm oil and soybean prices following disruptions in agricultural input flows caused by the U.S.-Israeli conflict with Iran. Data indicated that the 2026 price index was 2.9% higher than last year but 18.4% below its peak in March 2022, amidst rising grain and sugar prices, falling oil and dairy prices, and stable meat prices. The organization also projected a 2% decrease in global grain production for the 2026/2027 season, amid continued rising consumption, declining stocks, and ongoing global trade.
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