INSUBCONTINENT EXCLUSIVE:
The fall in prices recorded in June reflects the decline in the rates of cereals, vegetable oilsThe global food commodity prices fell in
June for the first time in 12 months amid the COVID-19 crisis, according to a benchmark United Nations report released on Thursday, July 8
The decline last month marked the very first drop in the price index after recording 12 consecutive monthly hikes
The food and agriculture organisation (FAO) price index averaged 124.6 points in June, down 2.5 per cent from May 2021, yet 33.9 per cent
higher than its level in the corresponding period last year, according to the UN report.The food and agriculture organisation is a
specialised agency of the United Nations which worked for defeating hunger and improving nutrition and food security on a global level
Its food price index tracks the alterations in the international rates of the most globally traded food commodities.The fall in prices
recorded in June 2021 reflects the decline in the rates of cereals, vegetable oils, and dairy products (moderately).Going by the individual
index about 15.6 per cent above its value in the corresponding month last year, according to the UN report.Meanwhile, India's retail
inflation data for June is expected on Monday, July 12, and according to a recent poll conducted by news agency Reuters, the CPI
