The overall FAO Food Price Index decreased by 0.8 percent in May, as reported by the Food and Agriculture Organization (FAO) of the United Nations. This decline was primarily influenced by falling prices for vegetable oils and sugar.

• Grains and cereals prices dropped by 1.8 percent due to strong corn harvests in Argentina and Brazil, coupled with reduced global demand for wheat.
• Meat prices rose by 1.3 percent, driven by higher demand for beef and pork, while dairy prices increased by 0.8 percent due to strong demand in Asia.
• Vegetable oils saw a significant drop of 3.7 percent, although remaining 19.1 percent above the previous year's levels.