Global oversupply and concerns over China's economic slowdown have knocked food commodity prices to the lowest level in over six years, the United Nations (UN)'s food body said on Thursday.
The Food and Agriculture Organization of the UN's trade-weighted food price index posted its steepest monthly drop in August since December 2008, falling to 155.7 points, its lowest level since April 2009.
"In addition to ample supplies, a number of other factors contributed to the decrease, including the slump in energy prices and concerns about China's economic slowdown and its negative consequences on the global economy and financial markets," the organization said in an statement on Thursday.