Yesterday, the Food and Agriculture Organization (FAO) of the United Nations released it’s monthly update on global food trade pricing. The overall “Food Price Index” that combines all categories did decline slightly, but less than the previous month. The index is still substantially higher than it was at a comparable period during the last cycle.
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FAO (The food and agriculture organization of the United Nations) released their June estimate of global food price indices yesterday. The new numbers were mixed, but not encouraging overall. Sugar was up 15% over the month. All the other indices were nearly flat: Dairy up 0.2%, Oils down 0.6%, Meat down 1.5%, Cereals down 1.3%. […]