10 Jun 2024 --- World food prices spiked for a third consecutive month in May amid a surge in prices for cereals and dairy products, outweighing price drops for sugar and vegetable oils, says the Food and Agriculture Organization of the United Nations (FAO). The FAO Food Price Index averaged 120.4 points in May, up 0.9% from its revised April level, while it remained down 3.4% from its level a year ago and 24.9% below its March 2022 peak.
