{"id":257139,"date":"2020-06-04T23:33:36","date_gmt":"2020-06-05T03:33:36","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=257139"},"modified":"2020-06-04T23:33:36","modified_gmt":"2020-06-05T03:33:36","slug":"fao-world-food-prices-hit-17-month-low-in-may","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/06\/04\/fao-world-food-prices-hit-17-month-low-in-may\/","title":{"rendered":"FAO: World food prices hit 17-month low in May"},"content":{"rendered":"
\"\"<\/a>
The FAO Food Price Index is a trade-weighted index that tracks international market prices of five major food commodity groups. (File Photo: Brian Kraus\/Unsplash)<\/figcaption><\/figure>\n

ANKARA<\/strong>\u00a0\u2013 Moving downward for the fourth consecutive month, global food prices hit a 17-month low in May, the UN Food and Agriculture Organization (FAO) said on Thursday.<\/p>\n

The food price index dropped 1.9 percent on a monthly basis, averaging 162.5 last month, as supplies appeared strong and demand weakened due to economic contractions triggered by coronavirus disease (Covid-19), the FAO said.<\/p>\n

The values of all the sub-indices except sugar posted falls in the month.<\/p>\n

The FAO Food Price Index is a trade-weighted index that tracks international market prices of five major food commodity groups.<\/p>\n

The sugar price index in May rose 7.4 percent from the previous month due to lower-than-expected harvests in some major countries.<\/p>\n

The dairy price index slipped 7.3 percent month-on-month in May, led by steep drops in the quotations for butter and cheese due to seasonal supply factors and lower import demand.<\/p>\n

Last month, the vegetable oil price index slipped 2.8 percent from April to a 10-month low.<\/p>\n

“While quotations for rapeseed and sunflower oil prices increased, those for palm oil fell for the fourth consecutive month, reflecting subdued global import demand and higher-than-expected production and inventory levels in major exporting countries,” it added.<\/p>\n

The FAO Cereal Price Index was down 1 percent month-on-month, while among major cereals, only rice prices rose in May.<\/p>\n

Meat price indexes posted a 0.8 percent decrease during the same period.\u00a0(Anadolu)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ANKARA\u00a0\u2013 Moving downward for the fourth consecutive month, global food prices hit a 17-month low in May, the UN Food …<\/p>\n","protected":false},"author":44,"featured_media":234077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-257139","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-anadolu","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/257139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=257139"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/257139\/revisions"}],"predecessor-version":[{"id":257141,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/257139\/revisions\/257141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/234077"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=257139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=257139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=257139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}