Global food prices stable for 2nd straight month in JulyROMEGlobal food prices were broadly unchanged for the second consecutive month in July, the U.N. Food and Agriculture Organization (FAO) has said. The FAO Food Price Index averaged 120.8 points in July, marginally down from June's revised 121.0 figure. The FAO food price index is a trade-weighted index that tracks international market prices of five major food commodity groups. The cereal price index dropped 3.8 percent month-on-month with export prices of all major cereals going down for the second consecutive month. The price index for sugar rose 0.7 percent while for dairy was stable in July compared to the prior month.

Source: Ethiopian News August 04, 2024 12:48 UTC