UN expects food prices to remain high worldwide |
| International Herald Tribune - May 26, 2008 |
Soaring world rice prices may begin to drop amid excellent production prospects this year, but overall food prices that have set off protests around the world will probably remain high, the United Nations's food agency said Thursday.
Rice market conditions could ease as new crops are harvested around the world, said the Food and Agriculture Organization, which is based in Rome. But price pressures will remain high at least until October or November, when the bulk of paddy crops reach the market.
"One thing is to say prices will come down, which is already happening for many products," Abdolreza Abbassian, an FAO economist, said during the presentation of the agency's Food Outlook report. "Another is to say they will be low. No, they won't be low."
Read Full Article from International Herald Tribune
- Posted: 2008-05-26 08:33:34
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