Sunday, June 7th 2026 - 03:47 UTC
World wheat prices rose 3.4 percent on May and 7.8 percent from their year-earlier level, supported by smaller expected harvests in major exporters, such as US
The benchmark measure for world food commodity prices remained broadly stable in May, as declines in vegetable oil quotations offset increases in those for cereals and sugar, according to new data released by the Food and Agriculture Organization of the United Nations (FAO).
The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally-traded food commodities, averaged 130.8 points in May 2026, down 0.2 percent from its revised April level and 2.9 percent higher than its year-earlier level.
”While global food commodity markets have remained broadly resilient, rising cereal prices underscore vulnerability to weather-related risks and disruptions in energy and input markets. Continued uncertainty affecting key trade routes, including the Strait of Hormuz, could reduce fertilizer use and place additional pressure on food prices, highlighting the need for coordinated international action,” said Boubaker Ben-Belhassen, Director of FAO’s Markets and Trade division.
