Rather than going straight to the index itself, we are first linking to the press release because of a note on grains deep into the discussion.
From the U.N.'s Food and Agriculture Organization, June 3:
Benchmark measure shows international prices for vegetable oils and dairy products down, while up for wheat, rice and poultry meat
Rome – World food commodity prices declined modestly in May for the second consecutive month, although wheat and poultry prices pushed higher, the Food and Agriculture Organization of the United Nations (FAO) reported today.
The FAO Food Price Index averaged 157.4 points in May 2022, down 0.6 percent from April. The Index, which tracks monthly changes in the international prices of a basket of commonly-traded food commodities, however, remained 22.8 percent higher than in May 2021.
The FAO Cereal Price Index increased by 2.2 percent from the previous month, led by wheat prices, which were up 5.6 percent from April and 56.2 percent from their corresponding value a year earlier. International wheat prices, averaging only 11 percent below the record high reached in March 2008, rose in response to an export ban announced by India and concerns over crop conditions in several leading exporting countries as well as reduced production prospects in Ukraine due to the war. International rice prices also rose across the board, while coarse grain prices declined by 2.1 percent, with maize prices dropping by even more in step with slightly improved crop conditions in the United States of America, seasonal supplies in Argentina and the imminent start of Brazil’s main maize harvest.The FAO Vegetable Oil Price Index declined by 3.5 percent from April, while still markedly higher than its year-earlier level. Prices dropped for palm, sunflower, soy and rapeseed oils, due in part to the removal of Indonesia’s short-lived export ban on palm oil and sluggish global import demand for soy and rapeseed oils in view of elevated costs in recent months....****.... Global cereal output and consumption on course to declineEarly prospects for global cereal production in 2022 now point to a likely decrease, the first in four years, to 2 784 million tonnes, down 16 million tonnes from the record output estimated for 2021, according to FAO’s latest Cereal Supply and Demand Brief, also released today.
The largest decline is foreseen for maize, followed by wheat and rice, while barley and sorghum outputs will likely increase. The forecasts are based on conditions of crops already in the ground and planting intentions for those yet to be sown....
....MUCH MORE
And the Index page:
The FAO Food Price Index fell for the second consecutive month in May
