Global Agricultural Commodity Prices Showed Slower Growth in July 2022

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Dzulfiqar Fathur Rahman 25/08/2022 18:30 WIB

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The agricultural commodity price index grew at a slower pace in July 2022, according to World Bank data.

Global Agricultural Commodity Price Index (January 2019–July 2022)

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Global Agricultural Commodity Prices Showed Slower Growth in July 2022

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Global Agricultural Commodity Price Index (January 2019–July 2022)

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The year-on-year growth of agricultural commodity prices in the international market slowed in July 2022, in line with the slowing growth of other commodity prices.

The World Bank reported that the agricultural commodity price index stood at 119.32 in July 2022. This marks a year-on-year (yoy) growth of 10.08%, slower than the previous month's growth of 18.01% (yoy).

This trend is influenced by the slowing growth in prices of several food commodities, including wheat. Wheat prices grew by 29.98% (yoy) to US$382.5 per ton in July 2022. This is the slowest annual growth rate since at least the outbreak of the Russia-Ukraine war in February 2022.

The slowing growth trend is also seen in several other commodity price indices, including energy, beverages, fertilizers, and metals.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Global Agricultural Commodity Prices Showed Slower Growth in July 2022

Global Agricultural Commodity Prices Showed Slower Growth in July 2022

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Global Agricultural Commodity Prices Showed Slower Growth in July 2022

Global Agricultural Commodity Prices Showed Slower Growth in July 2022

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