Energy prices fell 1,3% in July, led by crude oil -10%, while European natural gas gained more than 50%. Non-energy prices fell 8,9%. Agricultural prices dropped 7,4%. Food prices declined 8,5% led by grains -8,3% and oils and meals -13,1%. Beverages and raw materials dropped 2,3% and 6,2%, respectively. Fertilizer prices eased 3,7%. Metal prices plunged 13,4%, with some key metals registering large declines (tin dropped 19,5%, iron ore 17% and copper and nickel 16% each). Precious metal prices declined 6,6%.