FAO: Global food prices hit two-year high in July on meat and oil surge, while sugar, cereals dip
The FAO Food Price Index, which serves as a global benchmark for food commodity prices, averaged 130.1 points in July 2025, marking a 1.6 per cent increase from June, FAO said.
That was the highest reading since February 2023, though the index was 18.8 per cent below its peak of March 2022, which followed Russia's full-scale invasion of Ukraine.
In July, gains for meat and vegetable oil prices outweighed declines observed in cereal, dairy and sugar, FAO said. — Reuters
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