The global food price index ticked up in July after Russia reneged on the Black Sea grain deal that allows safe passage of ships carrying grain from Ukrainian ports, the UN Food Agency said.

The Index which tracks the monthly international prices of cereals, vegetable oil, dairy, meat, and sugar averaged 123.9 points in July, up 1.3 percent from June. The increase was driven by a rise in vegetable oil and rice prices.


“Vegetable Oil Price Index registered a 12.1 percent jump in July after seven months of consecutive declines,” the report said.

“Sunflower oil prices rebounded by 15 percent due to uncertainties sparked by Russia’s decision to pull out of the Black Sea Initiative on grain and fertilizer export,” it added.

The UN-brokered deal, together with a parallel accord between the UN and Russia, provided a lifeline for hundreds of millions worldwide facing hunger and spiralling food costs, including in countries such as Afghanistan and Ethiopia.

However, Russia pulled out of the deal on July 17, saying it will attack any ship leaving the black sea region.

Read also: Customs on red alert as Nigeria bans transit cargo to Niger

The cereal price index declined by 0.5 percent in June as coarse grain quotations due to increased seasonal supplies of maize from Brazil and Argentina declined by almost five percent and the potentially higher-than-expected production in the United States.

According to the Food and Agricultural Organisation (FAO), wheat prices rose for the first time in nine months due to uncertainty over exports from Ukraine and continued dry conditions in North America.

“Meanwhile, rice prices increased by 2.8 percent in July and by almost 20 percent over the past year after India prohibited exports.

FAO warned that the move “raises substantial food security concerns for a large swathe of the world population, especially those that are most poor and who dedicate a larger share of their incomes to purchase food.”

The Sugar Price Index declined by nearly four percent, the result of good progress in Brazil’s sugarcane harvest, improved rains across most growing areas in India, and subdued demand from Indonesia and China, the world’s top importers.

There was also a 0.4 percent slide in the Dairy Price Index, which is more than 20 percent below the July 2022 value. Similarly, meat prices dropped 0.3 percent since June.

juman:
America war in ukraine is the source of increase of prices of items in the market.
European leaders failing their people because they recklessly following america, america that is a satanic country.

sonnie10:
Food price is not our business Benue state.

Guyman01:
The grain deal was supposed to supply cheap grain to Africa but all the grains were diverted to Europe while Africa received only 2.7%
Putin at the Russia Africa summit informed African leaders that he will supply 50,000 tonnes of grain free using alternative routes to six African countries and it seems Europe unhappy about it. This is why people are flying Russian flags at rallies in Africa.
Turkiye was also making a lot of money reselling the grains while Europe was using the excess to feed their farm animals and using feeding Africa for propaganda.
Africa is satisfied with the current arrangement and won't fall for the western propaganda

optimistfeel:
Even when there's casting down around the world, there will be lifting up for me and my family ......Amen

Guyman01:
The grain deal was supposed to supply cheap grain to Africa but all the grains were diverted to Europe while Africa received only 2.7%
Putin at the Russia Africa summit informed African leaders that he will supply 50,000 tonnes of grain free using alternative routes to six African countries and it seems Europe unhappy about it. This is why people are flying Russian flags at rallies in Africa.
Turkiye was also making a lot of money reselling the grains while Europe was using the excess to feed their farm animals and using feeding Africa for propaganda.
Africa is satisfied with the current arrangement and won't fall for the western propaganda

DevilishMan:
So Russia controls Ukraine but some morons here said Ukraine has the upper hand.

sonnie10:
Food price is not our business Benue state.

Guyman01:
The grain deal was supposed to supply cheap grain to Africa but all the grains were diverted to Europe while Africa received only 2.7%
Putin at the Russia Africa summit informed African leaders that he will supply 50,000 tonnes of grain free using alternative routes to six African countries and it seems Europe is unhappy about it.
This is why people are flying Russian flags at rallies in Africa, Russia also pledged to supply subsidised fertiliser and machinery to African farmers alongside grains.

Turkiye is desperate to get the deal back as they were making a lot of money reselling the grains while Europe was using the excess to feed their farm animals and using feeding Africa for propaganda.

Africa is satisfied with the current arrangement and won't fall for the western propaganda of tying global food price to just one failed deal which didn't take Russian demands into cognizance.

Moreover Belarus in conjunction with Russia has just delivered 3800 tractors to Zimbabwe farmers to enable them produce the same grain they buy from Ukraine thats another way of dealing with Europe by enriching African countries, its only Nigeria that's still asslicking the west and not taking advantage of the current international power play but rather plans to be another puppet like Zelensky in going against Niger republic

Guyman01:
The grain deal was supposed to supply cheap grain to Africa but all the grains were diverted to Europe while Africa received only 2.7%
Putin at the Russia Africa summit informed African leaders that he will supply 50,000 tonnes of grain free using alternative routes to six African countries and it seems Europe is unhappy about it.
This is why people are flying Russian flags at rallies in Africa, Russia also pledged to supply subsidised fertiliser and machinery to African farmers alongside grains.

Turkiye is desperate to get the deal back as they were making a lot of money reselling the grains while Europe was using the excess to feed their farm animals and using feeding Africa for propaganda.

Africa is satisfied with the current arrangement and won't fall for the western propaganda of tying global food price to just one failed deal which didn't take Russian demands into cognizance.

Moreover Belarus in conjunction with Russia has just delivered 3800 tractors to Zimbabwe farmers to enable them produce the same grain they buy from Ukraine thats another way of dealing with Europe by enriching African countries, its only Nigeria that's still asslicking the west and not taking advantage of the current international power play but rather plans to be another puppet like Zelensky in going against Niger republic

Guyman01:
The grain deal was supposed to supply cheap grain to Africa but all the grains were diverted to Europe while Africa received only 2.7%
Putin at the Russia Africa summit informed African leaders that he will supply 50,000 tonnes of grain free using alternative routes to six African countries and it seems Europe is unhappy about it.
This is why people are flying Russian flags at rallies in Africa, Russia also pledged to supply subsidised fertiliser and machinery to African farmers alongside grains.

Turkiye is desperate to get the deal back as they were making a lot of money reselling the grains while Europe was using the excess to feed their farm animals and using feeding Africa for propaganda.

Africa is satisfied with the current arrangement and won't fall for the western propaganda of tying global food price to just one failed deal which didn't take Russian demands into cognizance.

Moreover Belarus in conjunction with Russia has just delivered 3800 tractors to Zimbabwe farmers to enable them produce the same grain they buy from Ukraine thats another way of dealing with Europe by enriching African countries and makingAfrica less dependent on Europe, its only Nigeria that's still asslicking the west and not taking advantage of the current international power play but rather plans to be another puppet like Zelensky by going against Niger republic for western interests.