Supply worries remain despite fall in food prices in July: FAO
ROME - Food prices dropped significantly in July, marking the fourth consecutive monthly decline since hitting record highs earlier in the year in the wake of the developments in Ukraine, the Food and Agricultural Organization (FAO) reported. The UN agency has published its latest eagerly-awaited Food Price Index, the barometer that tracks monthly changes in the international prices of five food commodities: cereals, vegetable oils, dairy products, meat, and sugar. The index averaged 140.9 points in July, or 8.6 points down from June. The decline was led by double-digit percentage drops in the...