UNITED NATIONS, Sha’ban 17, 1436, June 04, 2015, SPA -- The U.N. Food and Agriculture Organization (FAO) said Thursday that the world’s major food commodity prices fell again in May to the lowest level in almost six years amid a favorable outlook for this year’s harvests. The FAO said in a statement that its food price index averaged 166.8 points in May, down 1.4 percent from April and as much as 20.7 percent from a year earlier. It marked the lowest level since September 2009 in the trade-weighted index that tracks prices on international markets of five major food commodity groups: cereals, meat, dairy products, vegetable oils, and sugar. The decline stemmed from a 3.8 percent drop in the cereal price index from a month earlier, a 2.9 percent drop in the dairy price index, and a 1 percent drop in the meat price index. “FAO has also upgraded its May 2015 forecast for global production of wheat, coarse grains and rice, anticipating bigger maize harvests in China and Mexico as well as more abundant wheat harvests in Africa and North America,” the statement said. The latest forecasts say that global cereal production in 2015 will be 2.524 billion tons, only one percent below last year’s record, “reinforcing the view of generally stable cereal markets,” the FAO said. --SPA 02:10 LOCAL TIME 23:10 GMT www.spa.gov.sa/w