The international prices of basic foods continued their downward trend in August as a result of the high volume of supply and the fall in the prices of energy, said the UN Food and Agriculture Organization (FAO).
The monthly report of FAO said it was also a result of the concern about China's economic deceleration. The fall is a record in seven years, 5.2 less than in June, the most significant monthly fall since December 2008, with an impact on all staples.
The food price index of FAO is based on trade exchanges of staples in international markets of the five major food products: Cereals, meat, dairy products, vegetable oils and sugar.
The continuous improvements in the prospects of production for 2015-16 were mostly responsible for the fall in the prices of cereals, vegetable oil, dairy products and sugar.
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