Global food prices down 2.1 pct in August: FAO

Global food prices down 2.1 pct in August: FAO

ROME: The benchmark index of international food commodity prices has declined 2.1 percent compared to July, the United Nations Food and Agriculture Organization (FAO) said Friday.
The prices of rice, however, surged by 9.8 percent in August to a 15-year high compared to a month earlier. The increase was triggered by India rice export ban from July, complicated by a seasonal lull in production between rice harvests in the Northern Hemisphere.