World food prices continue to fall in June: FAO

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World food prices continue to fall in June: FAO

STORY: World food prices continue to fall in June: FAO DATELINE: July 10, 2023 LENGTH: 00:00:56 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of food in a supermarket STORYLINE: The world Food Price Index of the United Nations Food and Agriculture Organization (FAO) continued to fall in June, with the downward trend being driven by a drop in the prices of sugar, vegetable oils, cereals and dairy products, the organization said Friday. The index, which tracks the most globally-traded food commodities, averaged 122.3 points in June, and it is now 23.4 percent below an all-time peak reached in March 2022. In June, the index slipped by 1.4 percent compared to May. Four of its five sub-components dropped in June, while the fifth -- measuring meat prices - stayed almost level compared to May. The prices of grains and cereals, which have the biggest weight in the index, were down 2.1 percent compared to a month earlier, with wheat, corn, rice, barley and sorghum prices all declining compared to May, as

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