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Balanced Reporting. Trusted Insights.
Sunday, April 06, 2025
Prices for global food commodities rebounded in July, driven in part by a sharp rise in the cost of sunflower oil as Russia terminated the Black Sea Grain Initiative, creating new uncertainty about Ukraine’s ag exports, the UN Food and Agriculture Organization reported Friday.
A gauge of global food commodity prices fell again in June, led by declines in the cost of grains and vegetable oils, and is now more than 23% off the March 2022 peak that followed Russia’s invasion of Ukraine.