Global food prices resumed declines to the lowest in more than two years amid ample supplies of cooking oils and dairy, even as worries persist over flows of key staples from some regions.
An index of food-commodity costs fell 2.1% last month on subdued demand and good output of vegetable oils and milk, the United Nations' Food and Agriculture Organization said Friday. The gauge has slid 24% since hitting a record in March 2022, when Russia's invasion of Ukraine disrupted grain exports.
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