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Global Food Prices Surge in July: Cereals & Sugar Costs Rise
Global food prices rose in July, driven by increased costs in cereals, vegetable oils, and sugar. Wheat and maize prices surged due to adverse weather and market concerns, while vegetable oils hit their highest since June 2022 amid strong demand. Sugar prices also rebounded, influenced by weather effects and ethanol expectations, although meat and dairy prices declined during this period.
βοΈ AI Verdict
"Looks like it's time to tighten the grocery budget!"
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File ID: #319220Original Source: Times Of India β
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