The world Food Price Index of the United Nations Food and Agriculture Organization continued to fall in June, with the downward trend being driven by a drop in the prices of sugar, vegetable oils, cereals and dairy products, the organization said. READ:
The index, which tracks the most globally-traded food commodities, averaged 122.3 points in June, and it is now 23.4 percent below an all-time peak reached in March 2022.
The prices of grains and cereals, which have the biggest weight in the index, were down 2.1 percent compared to a month earlier, with wheat, corn, rice, barley and sorghum prices all declining compared to May, as production levels picked up.
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