The Hunger Factory: The miracle of the sudden rise and fall of food prices, Part- I

The benchmark for world food commodity prices declined “significantly” in July, with major cereal and vegetable oil prices recording double-digit percentage declines. The data, released by the UN Food and Agriculture Organization (FAO) on 5 August, adds the FAO Food Price Index averaged 140.9 points in July, down 8.6% from June,