Nigeria, Sept. 2 -- Global food commodity prices rebounded quickly in August after a second consecutive month of decline led by sugar, wheat, and vegetable oil, the Food and Agriculture Organisation of the United Nations (FAO) has said.

Details of this were highlighted in the FAO Food Price Index report released on Thursday. The index tracks the International prices of the most commonly traded food commodities.

The FAO Food Price Index averaged 127.4 points in August 2021, up 3.1 per cent from July and 32.9 per cent from the same period last year.

"The rebound in August after two consecutive months of decline was led by strong gains in the sugar, vegetable oils, and cereal sub-indices," it said.

The FAO Sugar Price Index averaged 120....