increase font size
The FAO Cereal Price Index rose 6%, led by international maize prices.
Global food prices rose at their fastest monthly rate in more than a decade in May, the Food and Agriculture Organization of the United Nations (FAO) has reported.
The FAO Food Price Index averaged 127.1 points in May, 4.8% higher than in April and 39.7% higher than in May 2020.
A surge in the international prices of vegetable oils, sugar and cereals led the increase in the index to its highest value since September 2011 and only 7.6% below its all-time peak in nominal terms.
The FAO Cereal Price Index increased 6% from April, led by international maize prices, which averaged 89.9% above their value a year earlier.
The FAO Vegetable Oil Price Index gained 7.8% in May, mainly reflecting rising palm, soy and rapeseed oil quotations.
The FAO Sugar Price Index increased by 6.8% from April, due largely to harvest delays and concerns over reduced crop yields in Brazil, even as large export volumes from India contributed to easing the price surge.
The FAO Meat Price Index increased by 2.2% from April, with quotations for all meat types rising due to a faster pace of import purchases by China, as well as rising internal demand for poultry and pig meats in the leading producing regions.
The FAO Dairy Price Index rose by 1.8% in May, averaging 28% above its level of May 2020. The increase was led by solid import demand for skim and whole milk powders, while butter prices declined for the first time in almost a year on increased export supplies from New Zealand.
The benchmark for world food commodity prices increased for the third consecutive month in May, as higher prices of cereals and dairy products outweighed decreases in quotations for sugar and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reports.
It’s World Milk Day today (June 1), a time to celebrate the vital role that milk, and dairy products play in our lives and acknowledge the tremendous contributions of the New Zealand dairy sector.
The director-general of the Food and Agriculture Organization of the United Nations (FAO) says the UN has a role to play in leveraging the power of digital technologies.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Shoppers paid less at the checkout for cheese, butter and ice cream at Foodstuff stores in December and many vegetables were down more than 30%.
OPINION: Alistair Carmichael raises some interesting questions about striking a balance between profitability in farming and preserving the character of rural communities.
Ploughing champions Mark Dillon and Malcolm Taylor earned the right to represent the country at the World Ploughing Championships in Osijek, Croatia, on 5 and 6 September, after winning their titles at the New Zealand Ploughing Championships in Middlemarch in 2025.
The man appointed to lead Gallagher's global Animal Management business through the next stage of growth believes the wearables boom is here.
Horowhenua organic dairy farmers Ange and Wayne Moxham have taken their business to a new level.
Federated Farmers' new vice president Sandra Faulkner says the issue of adverse events emergency management and infrastructure needs to be taken out of the three-year political cycle.
Building a strong team is one of the biggest drivers of a successful sheep and beef business, but it can also be one of the tougher parts to get right.
A fair question has been raised about how member-funded organisations should conduct themselves when taking a public position on any…
OPINION: It really is getting harder to lampoon government bureaucrats when they do such a good job of it themselves.…
