FAO Reports Drop in Food Prices in May
The Food and Agriculture Organization of the United Nations (FAO) reported that global food prices declined in May by 0.2%, with the Food Price Index reaching 130.8 points, a slight decrease from April. FAO also estimated that global grain production for the 2026/2027 season will be approximately 2.982 billion tons, representing a 2% decrease year-over-year.
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