Global Food Prices Rose in July to Their Highest Level in More Than Two Years. This is mainly due to highher prices for meat and vegetable oils, such as palm oil and sunflower oil.
This is accordance to the food price index of the food and agriculture Organization of the United Nations (FAO). This Index Tracks Monthly Changes in International Food Prices and Reached about 130 points in July, The Highest Point Since February 2023.
Prices of Vegetable Oils Rose by More than 7 percent, Mainly Due to Shortages of Palm Oil and Sunflower Oil. Palm Oil Became More Expective Due to Strong Global Demand, The Price of Sunflower Oil Rose Due to Tight Export Stocks Around the Black Sea.
Meat prices also used up, as there was extremely high demand from China and the United States Last Month. Prices for Dairy, Sugar and Grains Fell in July.
AltheHe Food Prices Have Risen, The Fao Index is Still Almost 19 percent Lower Than In March 2022, Shortly After the Russian Invasion of Ukraine.