Prices for major food commodities in July hit their lowest average monthly level since September 2009 as sharp drops in the prices of dairy products and vegetable oils more than offset some increases for those of sugar and cereals. Meat prices, meanwhile, remained stable.
The FAO Food Price Index averaged 164.6 points in July, down 1.0 per cent from June, and 19.4 percent from a year earlier.
The cereal price index rose by 2.0 percent from June, but was still 10.1 percent below July last year's level. For the second consecutive month, higher wheat and maize prices, in part due to unfavourable weather in North America and Europe, kept the cereal index rising, but rice prices continued to fall.
In July the meat price index remained nearly unchanged from the previous month. An increase in international prices of bovine meat offset a decline for pig meat and ovine meat, while prices for poultry remained stable.
Thursday, 6 August 2015/ FAO.