Vegetable oils and cereals lead FAO Food Price Index lower… 05/08/2022 Rome – The benchmark for world food commodity prices declined significantly in July, with major cereal and vegetable oil prices recording double-digit percentage declines, the Food and Agriculture Organization of the United Nations (FAO) reported today. The closely-watched FAO Food Price …

Poor rainfall in major rice-growing regions of India has triggered fears of export restrictions on rice, too, after wheat and sugar. Looking to control domestic prices, India had in May banned wheat and sugar exports amid a scorching summer and a global supply shortage. Being the world’s largest exporter of …