World Source: World Food Programme Please refer to the attached file.
World Source: World Food Programme Please refer to the attached file. Highlights May 2026 The IGC Grains and Oilseeds Index increased by 2 percent at the end of May if compared with the start of the Middle East crisis. Crude oil prices decreased in May but remained elevated at the end of the month, with WTI at 90 USD per barrel and Brent at 93 USD per barrel. Since the onset of the crisis, average prices stood at 95 USD for WTI and 101 USD for Brent. Local gasoline prices increased by at least 15 percent in 27 countries since the start of the Middle East crisis. Local diesel prices increased by at least 15 percent in 51 countries. Fertilizer markets eased in late May 2026 with falling urea prices due to weak demand and delayed buying, but underlying market fragility persists. 17 countries experienced year-on-year food inflation of at least 15 percent; 9 countries experienced year-on-year food inflation between 10 and 15 percent. 34 countries experienced year-on-year food inflation between 5 and 10 percent. 8 currencies are flagged as hotspots or in alert, indicating annual value losses that are unusually high, rapidly accelerating or both.
