Food prices fell sharply in July — but the respite may not last

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Food prices fell sharply in July — but the respite may not last
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Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal appears shaky.

Food prices dropped 8.6% in July from the previous month, particularly because of lower wheat and vegetable oil prices.

But analysts have doubts over whether prices will continue to fall, especially since the deal between Ukraine and Russia appears shaky.

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