World wheat prices rise in July: FAO
FAO said wheat prices were 1.6 per cent higher in July, their first increase since October 2022, and rice prices also surged in July, rising by 2.8 per cent to reach their highest level since September 2011.
FAO's Food Price Index is based on worldwide prices for 23 food commodity categories covering prices for 73 different products compared to a baseline year. Pic: Reuters