date:Jun 10, 2019
e Index, which tracks monthly changes in the international prices of commonly traded food commodities, averaged 172.4 points in May. This is a 1.2 percent increase from April, yet still 1.9 percent below its level in May 2018.
The FAO Dairy Price Index rose 5.2 percent from April, nearing a five-year high. The upswing, centered on cheese prices, reflected robust global import demand amid tight export availabilities from drought-ridden Oceania.
In cereals, wheat prices generally dipped, while r