LONDON, Aug 5 — The United Nations food agency’s world price index declined again in July, edging further away from record highs hit in March.
The July index was still 13.1 per cent higher than a year earlier, pushed up by the impact of the invasion of Ukraine, adverse weather and high production and transport costs. A bleak global economic outlook, currency volatility and high fertilizer prices — which can impact future production and farmers’ livelihoods — all pose serious strains for global food security, he said.
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