Global food prices drop to lowest levels since January 2014: FAOListen /
Global food prices have dropped to their lowest levels since January 2014, according to the Food and Agriculture Organization FAO.
The FAO Food Price Index measures monthly changes for a basket of food commodities like cereals, oilseeds, dairy products, meat and sugar.
According to the agency, the sharp decline in grain prices has helped push down the Index.
In contrast, meat prices rose for the fifth consecutive month in July, and those for sugar remained firm.
Speaking to Sandra Ferrari, Shirley Mustafa, Economist at FAO began by sharing which food groups were responsible for this month's decline in the overall index.