| The world's major food commodity prices fell again in May to the lowest level in nearly six years amid a favourable outlook for this year's harvests, the Food and Agriculture Organisation said Thursday. The FAO food price index averaged 166.8 points in May, down 1.4 percent from April and as much as 20.7 percent from a year earlier, the Rome-based UN agency said in a statement.
It marked the lowest level since September 2009 in the trade-weighted index that tracks prices on international markets of five major food commodity groups: cereals, meat, dairy products, vegetable oils and sugar...............................................Full Article: Source
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