The global food price index slightly declines

The global food price index saw a slight decline. According to the United Nations Food and Agriculture Organization (FAO), last month's global food price index recorded 128.8 points, down from 129.7 points the previous month. By commodity group, the cereal price index stood at 105.0 points, down 0.6% from the previous month. International wheat prices are falling due to sluggish international demand and good harvests in major producing regions in Russia, Europe, and North America, while corn prices have also declined due to abundant supply prospects in Brazil and the United States and Argentina's temporary suspension of export taxes. Rice prices fell 0.5% due to reduced demand from buying countries such as the Philippines and Africa and increased export volumes, mainly for Indica varieties. The oilseeds price index stood at 167.9 points, down 0.7% from the previous month. Falling prices of palm oil and soybean oil dragged down the index, while sunflower oil and rapeseed oil ...