A measure of global food prices increased in May, after a decline in April. The Food and Agriculture Organization of the United Nations released its monthly Food Price Index Thursday. The index averaged 172.6 points in May 2017, up 3.7 points, or 2.2 percent, from April and nearly 16 points higher than its May 2016 level. The Index consists of …
Global Food Prices Fall for Third Consecutive Month
The latest measure of global food prices indicates another month of decline. The Food and Agriculture Organization of the United Nation’s monthly report released this week showed a 1.8 percent decline in April, compared to food prices in May. The FAO Food Price Index, however, is still 10 percent higher than year-ago levels. The Index consists of the average of …
March FAO Food Price Index Slips
A measure of global food prices retracted during March. The United Nation’s Food and Agriculture Organization’s Food Price Index averaged nearly 171 points in March 2017, down almost five points from February, but still 13 percent above its level a year earlier. The Index consists of the average of five commodity group price indices, weighted with the average export shares …