Global Food Prices See Slight Decline in June
Sugar, cereals and dairy declines outweighed gains in vegetable oils and meat, while the FAO said El Niño concerns limited the drop.
21 Articles
21 Articles
The FAO Food Price Index, which tracks price changes for a range of commodities, fell by 0.3% month-on-month in June. However, it rose by 2.2% year-on-year, largely due to disruptions related to the war in the Middle East, particularly the increase in energy costs. Month-on-month, the prices of cereals and sugar declined, while those of vegetable oils and meat increased. "Commodity markets are reacting differently," notes Boubaker Ben-Belhasse…
Global Food Prices See Slight Decline in June
In June, global food prices experienced a slight decrease, predominantly due to reductions in sugar, cereals, and dairy prices. These declines managed to counterbalance the rising costs of vegetable oils and meat, according to a report from the United Nations' Food and Agriculture Organization.
Times of India
World food prices ease for second month in June, UN's FAO says
In June, global food prices experienced a slight reduction, as reported by the FAO of the UN. The decline was mainly fueled by decreasing prices for sugar, cereals, and dairy, which helped balance out the increases in vegetable oils and meat. Year-on-year comparisons still show an uptick, yet the current index is notably below the highs of 2022, indicating a softening trend in food commodity pricing worldwide.
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