From the United Nations' Food and Agricultural Organization:
...MUCH MORE» The FAO Food Price Index* (FFPI) averaged 168.8 points in July 2018, down as much as 6.5 points (3.7 percent) from June and 10.3 points (3.7 percent) from the corresponding period last year. The July fall marked the first significant month-on-month decline in the value of the FFPI since December 2017, reflecting notable drops in the values of all sub-indices.
» The FAO Vegetable Oil Price Index averaged 141.9 points in July, down 4.2 points (or 2.9 percent) from June, marking a sixth consecutive fall and a two-and-a-half year low. The latest slide mostly reflects weakening values of palm oil and soy oil. International palm oil prices fell further under the influence of sluggish export demand, ample stocks held by leading producing countries, and expectations of higher production in the coming weeks. As for soy oil, the fresh drop in prices was largely driven by spill-over weakness from the soybean market and persistently high crushing rates in the United States, supported by attractive crush margins. On the other hand, rapeseed oil values trended upward, underpinned by improved demand from biodiesel producers and negative crop prospects in the EU.
» The FAO Meat Price Index averaged 170.7 points in July, down 3.3 points (1.9 percent) from its revised value for June. The June upward revision primarily reflects a sharp rise in bovine meat prices from Brazil, caused by a decline in exports following logistical problems due the prolonged truck drivers’ strike. In July, the Index shed few points, in part due to a gradual normalization of meat exports from Brazil. Overall, price quotations for bovine meat fell, while those of pig and poultry meat also weakened. However, ovine meat prices increased marginally on strong import demand, especially from China and the United States....