Food Prices Drop Again, Easing Pain of High Grocery Bills
- UN’s index of global food costs falls for a sixth month
- An economic downturn is threatening agricultural demand
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Global food prices fell for a sixth month, potentially offering relief to consumers battered by across-the-board inflation.
Agricultural demand is easing on mounting worries about an economic downturn that risks curbing dairy sales and biofuel use. Plus, crop exports from Ukraine have picked up, buffering world grain supplies that had been threatened by Russia’s invasion.