Global food price index''s fall of 0.8% in July

The fall in world prices of food in July, after five monthly increases, suggests that the commodities will not be susceptible to new highs in the near future, said this Thursday (4/8) a senior economist of the Agency of the United Nations (UN).
The food price index of FAO (United Nations food and Agriculture Organization) fell 0.8% in July, to 161.9 points, interrupting an upward trajectory that began after she nearly hit a minimum of seven years in January.
The food on international markets were 1.4% cheaper than in July of last year, according to the index, which measures monthly variations for a basket of cereals, oilseeds, dairy, meat and sugar.
"This feeling that prices only started to rise a month after another can''t be real," said Senior Economist Abdolreza Abbassian, FAO.