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Global food commodity prices experienced a notable decline in May, driven by significant drops in the cost of grains, sugar, and vegetable oils, the United Nations' Food and Agriculture Organization (FAO) reported on Friday.
This downward trend offers a glimmer of relief amidst ongoing concerns about food security and affordability worldwide.
The FAO Food Price Index, a closely watched benchmark that monitors monthly fluctuations in a basket of internationally traded food commodities, registered an average of 127.7 points in May. This figure represents a 0.8% decrease from the April reading, indicating a broad-based softening in prices across several key food groups. The most substantial declines were observed in grain prices, sugar prices, and the cost of vegetable oils.
"The downward movement in May's food price index is a positive development," stated an FAO spokesperson. "While various factors influence these trends, the current decline is largely attributable to improved supply prospects and easing demand in certain sectors."
In a separate and equally significant report, the FAO delivered an optimistic forecast for global grain production. The organization now anticipates a record-breaking output of 2.911 billion tons of grains in 2025. This revised estimate is a substantial increase from its previous projection of 2.848 billion tons, signalling a potentially more robust supply of staple grains in the coming year. This anticipated surge in grain production could play a crucial role in stabilising global food markets and potentially lead to further price moderation in the future. Increased supply often translates to lower prices, which would be welcome news for consumers and food-importing nations grappling with inflationary pressures.
The FAO continues to monitor global food markets closely, providing vital data and analysis to inform policy decisions aimed at ensuring global food security and sustainable agricultural development.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
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