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Global Food Price Index Lowest In Almost 6 Years

Global food prices are the lowest they've been since September of 2009.

The U-N's Food and Agriculture Organisation Food Price Index for July was down 1 per cent from June and over 19 per cent lower than it was in July of 2014.

The FAO's Cereal Price Index was up 2 per cent from June, but still over 10 per cent below a year ago.

The Vegetable Oil Price Index was down 5 and a half per cent from June and it's lowest value since July of 2009.

The FAO's Dairy Price Index was down 7 point 2 per cent from June.

And the organisation's July Meat Price Index remained nearly unchanged from June.

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