World: FAO Food Price Index edges down amid diverging commodity price movements

Country: World Source: Food and Agriculture Organization of the United Nations New early-season forecasts point to another strong global cereal harvest amid growing El Niño risks Rome – FAO’s benchmark measure of world food commodity prices edged down in June, as lower quotations for cereals, sugar and dairy products outweighed higher quotations for vegetable oils and meat, according to new data released Friday by the Food and Agriculture Organization of the United Nations (FAO). The FAO Food Price Index, which tra