World food prices stabilise at high levels - FAO
MILAN (Reuters) - Global food prices have been stabilising at high levels and there is still risk that prices can rise, a senior economist at the United Nations food agency said on Thursday after the UN's food prices index showed a new monthly decline in November.
"I'd rather say it is a slowdown in decline ... It is more stabilising at high levels than a downturn," Abdolreza Abbassian, senior economist at the UN's Food and Agriculture Organisation FAO.L told Reuters in a telephone interview.
"The upside risk is still there," Abbassian added.
Global grain stocks were at comfortable levels this season, but next season's situation remained rather uncertain and would depend on a balance between demand and new output, he said.
(Reporting by Svetlana Kovalyova; editing by Keiron Henderson)
- Tweet this
- Share this
- Digg this
- Ukraine says pro-Russia rebels shoot down two fighter jets
- U.N.'s Pillay says Israel may be committing war crimes
- South Korea ferry fugitive hid behind cabin wall, bags of cash at hand
- China's Xiaomi hopes Mi 4 smartphone can take on Apple
- Jet Airways chairman says looking to restructure debts, talking to bankers
A domestic TransAsia Airways plane crashed on landing on an island off the west coast of tyhoon-hit Taiwan on Wednesday, killing 47 people, the Civil Aeronautics Administration said. Full Article
Wrecked Concordia finally headed for scrapyard after massive salvage operation. Full Article
Five held in China food scandal probe, including head of Shanghai Husi Food . Full Article