00:00Global food prices remain near their highest level in more than three years in May.
00:05The United Nations Food and Agriculture Organization
00:08says its global food price index fell 0.2% last month
00:12as lower vegetable oil costs help offset pressures from the Iran conflict.
00:18According to the data, declines in vegetable oils and dairy products
00:23help balance higher prices for grains and sugar.
00:26The FAO said global food markets have remained relatively resilient
00:31but warned that rising cereal prices highlight vulnerabilities to weather shocks
00:35and disruptions in energy and agricultural input markets.
00:39The agency also warned that continued uncertainty along key trade routes
00:44could further pressure food prices by reducing excess to fertilizers.
00:48The Iran conflict has disrupted the flow of fuels and fertilizers through the Strait of Hormuz,
00:53driving up costs for farmers and raising concerns over future crop yields.
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