# Major fall in global food prices for July, but future supply worries remain | UN News

> The FAO Food Price Index averaged 140.9 points in July 2022, down 8.6% from June and marking a fourth straight monthly decline. Vegetable oil and cereal prices posted double-digit percentage drops, though the index remained 13.1% above July 2021.

- Date: 2022-08-05 · published 2022-08-05T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40157-major-fall-in-global-food-prices-for-july-but-future-supply-worries-remain-un
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Broad declines in cereal and vegetable oil prices point to softer global feed-ingredient costs, though the FAO flagged persistent fertilizer and supply uncertainties.

## Read by commodity

- SBO: bearish ▼
- WHEAT: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-03 | [FAO Food Price Index July Falls Sharply – BE PROFY IN POTATOES NEWS](https://feedsoft.ai/events/8646-fao-food-price-index-july-falls-sharply-be-profy-in-potatoes-news.md) | +3.3% | +1.1% |
| WHEAT | 2024-07-26 | [Global Ag News for July 26.24 - ADM Investor Services](https://feedsoft.ai/events/13171-global-ag-news-for-july-26-24-adm-investor-services.md) | -4.8% | -7.0% |
| WHEAT | 2024-09-06 | [Fertilizer Prices Declining But Remain High Globally: FAO Food Price Index and AMIS Market Monitor Released \| Food Security Portal](https://feedsoft.ai/events/28653-fertilizer-prices-declining-but-remain-high-globally-fao-food-price-index-and.md) | +1.0% | +11.2% |
| WHEAT | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +4.7% | -1.6% |
| WHEAT | 2023-03-02 | [Global food prices decline further in January](https://feedsoft.ai/events/12653-global-food-prices-decline-further-in-january.md) | -2.0% | +5.1% |
| SBO | 2018-08-03 | [FAO Food Price Index July Falls Sharply – BE PROFY IN POTATOES NEWS](https://feedsoft.ai/events/8646-fao-food-price-index-july-falls-sharply-be-profy-in-potatoes-news.md) | +1.1% | +0.6% |
| SBO | 2022-05-08 | [Global food commodity prices decline in July](https://feedsoft.ai/events/41443-global-food-commodity-prices-decline-in-july.md) | +0.7% | -5.3% |
| SBO | 2023-03-02 | [Global food prices decline further in January](https://feedsoft.ai/events/12653-global-food-prices-decline-further-in-january.md) | -0.9% | -7.6% |

## Sources

- news.un.org: https://news.un.org/en/story/2022/08/1124012

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.