Over the past year, global prices for grains and sugar have seen a significant decline. Meanwhile, the costs of oil, dairy products, and meat have increased, according to the United Nations Food and Agriculture Organization (FAO). The FAO Food Price Index in July 2024 stood at 120.8 points, slightly lower than the revised figure for June. Currently, the index is 3.1% lower than its value a year ago and 24.7% below its peak of 160.3 points, which was reached in March 2022 following Russia’s invasion of Ukraine. The average value of the FAO Cereal Price Index in July was 110.8 points, 3.8% lower…