Agriculture: Prices decline for third consecutive month in August on ample supply

Agricultural prices declined for the third month in a row in August, amid strong supply for key commodities. Agricultural prices fell 0.5% month-on-month in August, but notably less than July’s 4.3% decrease.A base effect from last year and solid market fundamentals will lead agricultural prices to rise at a double-digit pace of 12.2% in Q4 2018 (previous edition: +15.9% yoy).