grain
Lowest food prices in four years, biggest grain stocks in 15
The global Food Price Index fell by 3.6 percent in August to reach its lowest level in four year, said the UN Food and Agriculture Organization. Prices for all commodities except for meat dropped markedly. Wheat and corn prices are the lowest in four years, said FAO. Meat is up 1.2 percent in a month and 14 percent higher than a year ago.
War has limited impact on world grain and oilseed output
Commodity prices soared when Russia invaded Ukraine in February 2022 amid fears of grain shortages with two of the world's leading grain exporters engaged in war. Instead, global production of grains and oilseeds has exceeded forecasts based on production before the invasion, said four agricultural economists on Monday.