World food prices down 3.7 % in July

World food prices fell 3.7 percent in July from the month before, the sharpest monthly drop since last December, with declines seen across all crop types, the United Nations food agency said.  The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 168.8 points last month, against an upwardly revised 175.3 in June.