India, June 9 -- The FAO Cereal Price Index declined in May, down 1.8 per cent from April and 8.2 per cent below its May 2024 level

The benchmark of world food commodity prices dropped in May as marked declines in international quotations for maize and palm oil outweighed historically high prices for butter and bovine meat, the Food and Agriculture Organization of the United Nations (FAO) reported.

TheFAO Food Price Index, which tracks monthly changes in the international prices of a set of globally traded food commodities, averaged 127.7 points in May, down 0.8 per cent from April but remained 6.0 per cent higher than a year earlier.

The FAO Cereal Price Index declined in May, down 1.8 per cent from April and 8.2 per cent below its Ma...