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Economists say UK economy ‘flirting with recession’, global food prices fall further – business live – business live

Optimism at UK services firms sinks to lowest this year; UN index shows prices for sugar, wheat, rice and meat are down but dairy is up

Thinning maize supplies in Argentina placed upward pressure on world maize prices, but this was capped by higher seasonal supplies in the United States, where the harvest progressed, and strong export competition from Brazil, the FAO said.

As for vegetable oils, a slight fall in that price index mainly reflected lower world palm oil prices, more than offsetting higher prices of soy, sunflower and rapeseed oils.

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