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FAO Food Price Index falls for the third consecutive month
date:Aug 12, 2013
oints in July, down by 7 points (or 3.3 percent) from June and the lowest level in three years. The slide in the index mainly reflects easing quotations for both soy and palm oil. Soy oil values have fallen in response to ample export availabilities, especially in Argentina, combined with weak demand (including from the biodiesel sector), as well as good soybean crop prospects in the United States. The palm oil price weakness mainly resulted from the combination of ample production and lower tha

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