Commodities
FAO Food Price Index Rises Amid Weather and Energy Concerns
The FAO Food Price Index rose by 0.6 percent in July to 131.1 points, up from its June level and 1.0 percent higher than a year ago.
Global wheat prices surged by 5.8 percent amid concerns over continued disruptions to Black Sea export flows and the impact of heatwaves on crop yields in several key producing countries.
The FAO Cereal Price Index increased by 3.4 percent from June, with world maize prices rising by 3.6 percent due to hot and dry weather in parts of the US and spillover effects from firmer energy markets amid heightened geopolitical tensions.