Formulation
Food Commodities Prices Ease Down in July
Specialty NutrientsFood Commodities Prices Ease Down in JulyFood Commodities Prices Ease Down in July
Following five consecutive months of increases, international prices for major food commodities finally saw a modest decline in July largely due to drops in international quotations of grains and vegetable oils that more than offset firmer dairy, meat and sugar prices, according to the latest data released by the United Nation’s Food Agriculture Organization (FAO). The Food Price Index averaged 161.9 points in July 2016, slipping 0.8 percent below its level in June and 1.4 percent below June 2015.
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