World food prices ease for second month in June, UN's FAO says

In June, global food prices experienced a slight reduction, as reported by the FAO of the UN. The decline was mainly fueled by decreasing prices for sugar, cereals, and dairy, which helped balance out the increases in vegetable oils and meat. Year-on-year comparisons still show an uptick, yet the current index is notably below the highs of 2022, indicating a softening trend in food commodity pricing worldwide.

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