Chambers of Commerce: Food prices are falling globally to before the Ukrainian-Russian crisis

The Secretary-General of the Federation of Chambers of Commerce, Dr. Alaa Ezz, said that food prices have declined globally to before the Ukrainian-Russian crisis, and its effects will soon appear on the market.

And he indicated in a statement to the Union – that the Food and Agriculture Organization of the United Nations (FAO) food price index fell by 8.6%, which is the fourth monthly decline in a row, falling to less than levels before the Russian-Ukrainian crisis, recording its lowest level since January 2022, but it is still higher than It was 13.1% in the same period in 2021, and the decline is expected to continue in the coming months to approach the prices of last year.