Global food prices rise slightly in July

Global food prices in July experienced a slight increase of 0.6% compared to June, according to a report by the Food and Agriculture Organization (FAO). The rise was supported by higher grain prices, especially wheat and maize, which increased by 3.4%, with wheat prices rising by 5.8% and maize prices increasing significantly. Vegetable oil prices reached their highest level since June 2022, up by 2%, while sugar prices climbed by 5.6% due to weather concerns in producing countries. Conversely, overall meat prices declined by 2.8%, with prices for poultry and beef falling, whereas lamb prices hit a record high amid supply shortages in Oceania. Dairy product prices decreased slightly by 0.7%.

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