06 Aug 2021 --- Global food commodity prices fell in July for the second consecutive month, according to the FAO Food Price Index. The July drop reflects declines in the quotations for most cereals and vegetable oils as well as dairy products. The FAO Cereal Price Index was 3.0 percent lower in July than in June, pushed down by a 6.0 percent month-on-month drop in international maize prices associated with better-than-earlier projected yields in Argentina and improved production prospects in the US, even as crop conditions in Brazil remained a concern.
