Bureau of Labor Statistics

Food prices fall to near 5-year low in world, rise in Turkey

The U.N. Food and Agriculture Organization's (FAO) price index, which measures monthly changes for a basket of cereal, oilseed, dairy, meat and sugar, averaged 171 points in April, 1.2 percent below its reading in March.

High global production, a strong U.S. dollar and cheaper crude oil have helped cap food prices for the past year and the index has been declining since April 2014.

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