After falling 20.9% in April, world crude oil prices in US dollars fell 32.1%, year-on-year, in May 2023.

Yearly declines in world oil prices were recorded for cotton (-40.1%), cashew nuts (-30.7%) and rubber (-26.8%). On the other hand, increases were recorded in the cocoa (+22.8%), coffee (+20.5%) and gold (+7.4%) markets (according to LabCEAO Banque Centrale des États de l' Afrique de l' Ouest (), which provides information on the main raw materials. exported by EU countries. Over one year, the price index of food products imported by the countries of the Union fell by 16.2% in May 2023 after a fall of 11.9% in April 2023. This fall was prompted by the favourable trend in the prices of wheat (-47.2%), oils (-44.4%), milk (-23.2%) and rice (-0.2%), the effects of which were attenuated by the rise in sugar prices (+27.5%)