Tue, 28 Sep 2021

World food prices fall for second month in July

News24
05 Aug 2021, 21:42 GMT+10

World food prices eased for a second month in a row in July, reflecting declines for cereals, vegetable oils and dairy products, but remained up nearly a third over the past year, the United Nations food agency said on Thursday.

The Food and Agriculture Organisation's food price index, which tracks international prices of the most globally traded food commodities, averaged 123.0 points last month compared with 124.6 in June.

On a year-on-year basis, prices were up 31.0% in July.

READ HERE | Covid-19: Pandemic contributed to world hunger, malnutrition soaring in last year - UN

The index had declined in June for the first time in 12 months, marking a pause in a broad rally in agricultural commodities fuelled by harvest setbacks and Chinese-fuelled demand.

Source: News24

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