World food prices fell sharply in July, driven down by grain and vegetable oil prices, the UN Food and Agriculture Organization (FAO) announced on Friday.

After an all-time high reached in March following Russia’s invasion of Ukraine, the FAO Food Price Index, which tracks the monthly change in international prices for a basket of essential products, fell 8.6% in one month, in his fourth straight setback.

However, prices remain high, settling at 140.9 points in July, an annual rise of 13.1% compared to June 2021, the agency highlights.

The FAO index for cereals fell 11.5%, and “the biggest drop was made by world wheat prices, which lost 14.5% in reaction to the agreement between Ukraine and Russia to unblock the main Black Sea ports” to allow the departure of ships loaded with grain, stresses the organization.