Tuesday, June 13, 2023

Global food prices declining

Global food prices declined by 2.6 per cent from April to May, reports the United Nations’ Food ad Agriculture Organization.


The index now stands at 124.3 points.


Meat prices bucked the trend, rising by one per cent as Asian demand for poultry and pork remained high.


Pork prices rose for the fourth successive month, although only marginally, as supply limitations stemming from high production costs and animal diseases elsewhere boosted demand for Brazilian supplies.