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FAO Food Price Index dips by 1.9 percent while new FAO forecasts point to lower global cereals output in 2022.

World grain prices have fallen sharply in recent weeks, raising the prospect of a sharp drop in annual CPI food inflation next year, says Fitch Ratings in its latest Economics Dashboard.

FAO Food Price Index fell by 2.5 percent in June, after a year of consecutive increases Global foo...