The FAO Food Price Index averaged 170.9 points in July 2019, down 1.1 percent (1.8 points) from June but 2.3 percent higher than in July 2018. The month-on-month decline was the result of lower prices for some cereals, dairy products and sugar.
The FAO Food Price Index (FFPI) continued to rise for the fifth consecutive month, averaging 172.4 points in May 2019, up 1.2 percent (2.1 points) from April but still 1.9 percent below its level in the corresponding month last year.
President Trump removed the Section 232 steel and aluminum tariffs on Canada and Mexico on Friday, May 17. Mexico responded by removing its 20% tariff on frozen potatoes imported from the United States on May 20.