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Global Food Prices Up From April To May, Down From 2015

Global food prices were up just over 2 per cent in May from April.

That's according to the Food and Agriculture Organisation's Food Price Index.

Despite that increase, the overall index was still 7 per cent lower than it was a year ago.

The FAO's Vegetable Oil Price Index was the only sub-index to drop from April to May - down 1 point 8 per cent.

The Cereal, Dairy, Meat and Sugar price indexes were all up.

Sugar was up 11 point 7 per cent, meat 2 per cent, cereal 1 point 6 per cent and dairy up 0 point 4 per cent from April.

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