Global food prices continue to drop but still remain significantly higher than a year ago.
Today’s FAO Food Price Index showed a steep drop in July of nearly 9 percent, but they are still 13 percent higher on the year. The July decline was the most drastic since 2008.
Vegetable oil and cereals came down significantly. Sugar, dairy, and meat also fell, but to a lesser extent.
Related Stories
Despite global improvement, food insecurity remains deeply concentrated in vulnerable regions.
Farmers may benefit from higher turkey prices this holiday season, but risks from HPAI and limited poult placements could further strain the supply.
According to the most recent version of the Household Food Security Report for 2022-2023, food insecurity is on the rise in the U.S.
