UN FAO’s June index remained at 120.6. Vegetable oil climbed 3.1%, boosted by palm, soy, and sunflower oil. Dairy rose 1.2%, sugar 1.9% amid low Brazilian harvests. Cereals fell 3%, with maize increases in Argentina, Brazil. Meat stable. 2024 cereal forecast: 2.854B tons. Index hit three-year low in February post-Ukraine invasion.
