FAO Food Price Index At Lowest Level Since June 2012

“Global food prices declined for the third consecutive month, largely driven by lower international prices for grains, soy and palm oil, while sugar, meat and dairy prices were also down, the United Nations Food and Agriculture Organization (FAO) reported” on Thursday, the U.N. News Centre reports (8/8). The FAO “price index … fell in July for a third month running to 205.9 points compared to 210.1 points in June, reaching its lowest level since June 2012,” Reuters writes (8/8).