Food Price Index down in last four reported months
The FAO Food Price Index rose for a second straight month. Adjusted for inflation, the index rose 1.2 percent month on month (MOM) in July after gaining 2.3 percent in June.
The sugar price index gained for a third straight month, albeit more slowly than in May and July. July was down nearly half a percent year on year (YOY). Continued weakness from some major exporters has added to support for sugar.
With recent changes, index data is now calculated based on pricing from 2014 to 2016.
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