World food prices up in May for third consecutive month, UN agency says

LONDON, June 7 — The United Nations world food price index rose for a third consecutive month in May, as higher cereals and dairy product prices outweighed decreases in prices for sugar and vegetable oils.

The UN Food and Agriculture Organisation’s (FAO) price index, which tracks the most globally traded food commodities, averaged 120.4 points in May, up 0.9 per cent from its revised April level, the agency said today. — Reuters