FAO Food Price Index posts sharp drop in July (via newfoodmagazine.com)
Published 02 August 2018
Global agricultural food commodity prices fell sharply in July, as all the major traded items posted notable declines, according to the FAO Food Price Index, a measure of the monthly change in international prices of a basket of commodities.
The Index averaged 168.8 points, 3.7 per cent below their June level, the biggest monthly drop since late last year. The index had been steadily rising in 2018 until June.