UN FAO’s global food prices fall for fifth month in a row

The UN’s Food Prices Index has fallen for the fifth month in a row, in a sign that one of the main pressures pushing up the cost of living around the world could ease. The index fell to 138 in August and is now lower than it was before Russia’s invasion of Ukraine. The countries were both major exporters of crops including sunflower oil, corn and wheat. The UN’s Food and Agricultural Organisation says July’s UN backed deal to re-open Ukrainian ports has eased cereal and vegetable oil prices. That has meant more supplies have been able to reach international markets.(BBC)…[+]

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