Food commodity prices unchanged in July–FAO

Quick Summary:

The benchmark for world food commodity prices was broadly unchanged in July for the second month in a row, as increases in international quotations of vegetable oils, meat  products and sugar offset an ongoing decrease in those for cereals, the Food and Agriculture Organization of the United Nations (FAO) reported Friday.

Meanwhile, average rice prices fell by 2.4 percent from June amid “generally quiet trading activities” for both Indica and Japonica varieties.

FAO said maize export prices also declined as harvests in Argentina and Brazil progressed ahead of last year’s pace and crop conditions in the US remained robust.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesArgentinaBrazilCanadaIndiaThailand

Topics: June Food Percent July Oils Index Quotations Harvests Declined Prices Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-04 @ 16:07:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 9 lines

Sentence Length: 43 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 21920898

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