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World food prices fall in June for first time in a year, says FAO

On a year-on-year basis, prices were up 33.9% in June.

World food prices | food inflation | food prices

Reuters  |  ROME 

ROME (Reuters) - World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday. The Rome-based FAO also said in a statement that worldwide cereal harvests would come in at nearly 2.817 billion tonnes in 2021, slightly down on its previous estimate, but still on course to hit an annual record. The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged ...

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First Published: Thu, July 08 2021. 14:53 IST