06 Sep 2019 --- Sharp falls in the prices of staple cereals and sugar have led to a global food price dip in August, according to a report by the Food and Agriculture Organization of the United Nations (FAO). Cereal prices have dropped by more than 6 percent following lower than expected US harvests while sugar prices have also declined. By contrast, the FAO Vegetable Oil Index rose by 5.9 percent in August, hitting an 11-month high amid a rebound in global import demand for palm oil.