PARIS—The United Nations food agency’s world price index fell for a fifth month in a row in August, further from all-time highs hit earlier this year, as a resumption of grain exports from Ukrainian ports contributed to improved supply prospects.
The Food and Agriculture Organization (FAO) said on Friday that its price index, which tracks the most globally traded food commodities, averaged 138.0 points last month versus a revised 140.7 for July.
The July figure was previously put at 140.9.
The index has fallen from a record of 159.7 in March, hit after Russia’s invasion of Ukraine. The August reading was, however, 7.9 percent higher than a year earlier….