FAO Food Price Index remains stable, with cereal price drop offset by vegetable oil, meat, and sugar price increases.
In July, the FAO Food Price Index, tracking global food commodities, remained stable for the second consecutive month, with an average of 120.8 points. Cereal prices dropped 3.8% due to lower export prices, while vegetable oil, meat, and sugar prices increased, offsetting the decline. Wheat and maize export prices fell due to increased availability and good crop conditions. The FAO Dairy Price Index remained unchanged.
August 02, 2024
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