According to the Food and Agricultural Organization of the United Nations, the Food Price Index averaged 127.1 points in May 2021, 4.8 percent higher than during April and 40 percent higher than the corresponding month in 2020.  The increase in the Globular Food Price Index was due to escalation in the price of vegetable oils, sugar, cereals and meat.

 The Cereal Price Index increased by 6.0 percent from April, the Vegetable Oil Price gained 7.8 percent, the Sugar Price Index increased by 6.8 percent and the Dairy Price Index by 1.8 percent.  The FAO Meat Price Index increased by 2.2 percent in May attributed in large measure due to imports by China in addition to increases in pork and poultry consumption in the principal producing nations.