Global food prices rise for second month in a row. The value of the Index of food prices rose in July to 94.2 points, or 1.2 percent more than in June. This is stated in the report of the Food and agriculture organization of the UN (FAO).
because of declining production and the shortage of migrant workers in vegetable oil rose by 7.6 percent, dairy products — by 3.5%, sugar — by 1.4%. Meat has become cheaper: in comparison with June, the price decreased by 1.8 percent compared to July of last year — by 9.2 percent.
In December 2019, food prices reached the maximum for five years. The highest growth palm oil and sugar. Later, however, the cost began to decline in may 2020, it reached a record low since December 2018 due to the impact of the pandemic coronavirus. However, in June, prices rebounded for the first time since the beginning of the year.
