date:Jun 06, 2014
Global food prices fell in May for the second consecutive month as lower dairy, cereal and vegetable oil prices counteracted rising sugar and firm meat prices, the United Nations Food Agency said on Thursday.
The Food and Agriculture Organisation's (FAO) price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 207.9 points in May.
This was a fall of 2.5 points or 1.2 percent from April, when food prices fell led by a sharp drop in dai