World food prices fell for a third month running in August, pushed down by a sharp drop in the prices of sugar, wheat and maize, the United ...
FAO also predicted that cereal supplies would be more abundant in the 2019/20 period than previously expected.
Sugar prices also fell markedly in August, dropping 4 per cent on the previous month"largely on the back of a weakening Brazilian real, which tends to incentivise sugar exports," FAO said.These drops failed to offset climbs in other indices, with the vegetable oil price index gaining 5.9 per cent and both meat and dairy prices posting increases of 0.5 per cent.
"Almost the entire monthly increase is on account of an upward revision made to the forecast for world maize production," FAO said.
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