05 Aug 2024 --- The UN Food and Agriculture Organization (FAO) has revealed that the benchmark for world food commodity prices was broadly unchanged in July for the second month in a row. Increases in international quotations for vegetable oils, meat products and sugar offset an ongoing decrease in those for cereals. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally traded food commodities, averaged 120.8 points in July, marginally below its revised 121.0 figure for June. The index is now 3.1% lower than its corresponding value one year earlier.
