World Food Prices Slip in May, Still Near Three-Year High, FAO Says
The FAO said vegetable oil prices fell 4.6% as weaker palm and soy oil prices offset gains in rapeseed and sunflower oil.
- The United Nations Food and Agriculture Organization reported on Friday that the FAO Food Price Index slipped 0.2% in May, though it remained 2.9% higher than a year earlier.
- Vegetable oil prices fell 4.6% from the previous month, marking their first monthly decline this year as lower palm and soy oil prices outweighed gains in rapeseed and sunflower oil.
- Sugar prices climbed 7.5% amid supply concerns, while cereal prices rose more than 2.6% on smaller harvest prospects in the United States and higher costs linked to the Iran conflict.
- In a separate report, the FAO projected world cereal production will shrink 2 per cent in the 2026/27 season, falling to 2.98 billion tonnes as output declines for major crops.
- Elevated energy costs following the closure of the Strait of Hormuz raised demand for biofuels, keeping vegetable oil prices more than 20% above 2025 levels despite the monthly decline.
13 Articles
13 Articles
World food prices slip in May, still near three-year high, FAO says
FAO Reports Slight Decline in Global Food Prices in May
ROME, June 5, 2026 — Global food prices edged lower in May, according to the latest data released by the Food and Agriculture Organization (FAO), as declines in several commodity categories outweighed gains in others. The FAO Food Price Index, which tracks monthly changes in international prices of a basket of food commodities, averaged 130.8 points in May, down 0.2% from April’s revised level of 131.0 points. The decline was modest but marked a…
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Agriland.co.ukFAO: World food prices ‘broadly stable’ in May
The benchmark measure for world food commodity prices remained broadly stable in May. The Food and Agriculture Organization of the United Nations (FAO) said declines in vegetable oil quotations offset increases in those for cereals and sugar. The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally-traded food commodities, averaged 130.8 points in May 2026. This is down 0.2% from its revised Apri…
Global food prices remain at three-year highs despite falling vegetable oils - BloombergThe FAO index fell 0.2%, but food prices remain at a three-year high. The war in Iran blocks the logistics of fertilizer and fuel, increasing the cost of grain.
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