Global food price index down 8.6% in July on tumbling cereal, vegoil prices: FAO

Global food prices dipped 8.6% in July, falling for the fourth consecutive month after reaching a record high in March, the UN’s Food and Agriculture Organization said Aug. 5. The FAO’s food price index averaged 140.9 points in July, down 13.3 points from June — the steepest monthly fall in index value since October 2008. The slump was led by…