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Global food prices fall in May for second consecutive month
Global food prices fall in May for second consecutive month

Global food prices fell for the second consecutive month in May as the cost of dairy, cereals and vegetable oils declined, according to the United Nations’ Food & Agriculture Organization. An index of international food prices fell 1.2% to 207.8 points in May, down from 210.3 points in April and a 10-month high of 213 points in March, the agency said Thursday in an online report. The decline was mostly due to a drop in corn prices on favorable growing conditions and good supply prospects in 2014-15, the Rome-based group said in its report. "Wheat prices, which had firmed at the start of the month on slow spring planting in the United States and tensions in Ukraine, declined...

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