The monthly index for world food prices declined dramatically in July, down 8.6% compared with June, its largest single-month fall since 2008, according to a report released by the United Nations Food and Agriculture Organization on Friday.deal was reached in July to allow grain shipments from Ukraine
As a key index measuring monthly changes in the international prices of a basket of food commodities, the FAO Food Price Index averaged 140.9 points in July, representing the fourth consecutive monthly decline. Despite the trend from July, the index is still 13.1% above levels from a year ago.
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