UNITED NATIONS, Aug 04 (APP): Global food commodity benchmarks remained largely unchanged in July, with rises in vegetable oils, meat and sugar offsetting deceases in cereals, according to UN Food and Agriculture Organization (FAO), a Rome-based UN agency.<\/p>\n\n\n\n
This marked the second month in a row of steady prices, with the UN FAO\u2019s Food Price Index averaging 120.8 points in July, marginally below its revised 121.0 figure for June.<\/p>\n\n\n\n
The figure was 3.1 per cent lower than the corresponding values last July.<\/p>\n\n\n\n
The Food Price Index tracks monthly changes in the international prices of a set of globally traded food commodities.<\/p>\n\n\n\n
The FAO Cereal Price Index dropped by 3.8 per cent from June as global export prices for major cereals fell for the second month in a row.<\/p>\n\n\n\n
Wheat prices decreased due to increased availability from winter harvests and favourable conditions in Canada and the United States.<\/p>\n\n\n\n
Maize prices also fell with progressing harvests in Argentina and Brazil and strong crop conditions in the US.<\/p>\n\n\n\n
Conversely, the Vegetable Oil Price Index rose 2.4 per cent, driven by high demand for soy oil in the biofuel sector and poor crop prospects for sunflower and rapeseed oils.<\/p>\n\n\n\n
Similarly, the Meat Price Index increased by 1.2 per cent due to strong import demand for various meats, despite a slight decline in pig meat prices.<\/p>\n\n\n\n
The Sugar Price Index also saw an increase of 0.7 per cent, influenced by lower-than-expected production in Brazil.<\/p>","protected":false},"excerpt":{"rendered":"
UNITED NATIONS, Aug 04 (APP): Global food commodity benchmarks remained largely unchanged in July, with rises in vegetable oils, meat and sugar offsetting deceases in cereals, according to UN Food and Agriculture Organization (FAO), a Rome-based UN agency. This marked the second month in a row of steady prices, with the UN FAO\u2019s Food Price […]<\/p>","protected":false},"author":12,"featured_media":8282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[396,6],"tags":[],"class_list":["post-8281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-world"],"_links":{"self":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts\/8281"}],"collection":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/comments?post=8281"}],"version-history":[{"count":0,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/posts\/8281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/media\/8282"}],"wp:attachment":[{"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/media?parent=8281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/categories?post=8281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiafreepress.com\/en\/wp-json\/wp\/v2\/tags?post=8281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}