Dive Summary:

• The United Nations’ agency that oversees food says that global food prices may continue to drop this year.
• The Food and Agriculture Organisation, an agency within the UN, said Thursday that food prices may continue to drop throughout the rest of the year.
• In July, global food prices hit their lowest level in a year.
• Strong crop prospects are driving down prices.

From the article:

...'Supplies are proving to be much better than anticipated a few months ago. The weather has been pretty good in many cases and is giving hope for higher production,' FAO senior economist Abdolreza Abbassian said.​..