The Food and Agriculture Organization of the United Nations (FAO) reported that world food prices have been falling for the fifth month in a row, including due to the resumption of exports from the Black Sea ports of Ukraine.

The FAO Food Price Index, which tracks monthly prices for a basket of staples, has steadily declined since hitting a record high in March after the war in Ukraine, with a modest 1.9 percent fall in August.

Vegetable oil prices fell from a year ago after falling 3.3 percent, and the FAO Cereal Index fell 1.4 percent on a 5.1 percent fall in global wheat prices.

The organization explained that this happened against the backdrop of improving production prospects in North America and Russia, as well as the resumption of exports from the Black Sea ports to Ukraine for the first time after a five-month break, as well as the fact that world wheat prices are declining. still 10.6% higher compared to August last year.

Exports from Ukraine, one of the world’s largest pre-war suppliers of wheat, corn and sunflower oil, have plummeted due to the Russian blockade of the Black Sea.

Deliveries resumed in early August under an agreement brokered by the UN and Turkey.