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FAO Food Price Index Raised by Wheat, Meat in June

  • 7 Jul 11:49

FAO Food Price Index Raised by Wheat, Meat in June Global food commodity prices rose in June, led by wheat and meat prices.TheFAOFood Price Index, a monthly trade-weighted index tracking international market prices of five major food commodity groups, released today, averaged 175.2 points in June, up 1.4 per cent from May and 7.0 per cent from a year earlier. The FAO Cereal Price Index rose by 4.2 per cent in the month, amid surging prices of high-protein wheat due to deteriorating crop conditions in the United States of America. Maize prices, by contrast, declined amid record harvests in South America. FAO's price indices for meat and dairy products also rose, while those for vegetable oils and sugar. Read more...