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08 Aug 2013

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Global food prices fall

Reuters

Rome - Global food prices fell nearly 2% in July compared to the previous month, driven mainly by lower prices for grains, soy and palm oil, the United Nations' food agency said on Thursday.

The Food and Agriculture Organisation's (FAO) price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, fell in July for a third month running to 205.9 points compared to 210.1 points in June, reaching its lowest level since June 2012.

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