The FAO monthly Food Price Index averaged 175.2 points in June, up 1.4% from May and 7.0% from a year earlier. The FAO Cereal Price Index rose by 4.2% in the month, amid surging prices of high-protein wheat due to deteriorating crop conditions in the United States of America. Maize prices, by contrast, declined amid record harvests in South America. Read full article
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