World food prices stabilise at high levels - FAO

MILAN Thu Dec 8, 2011 4:11pm IST

A man walks past a grocery store in downtown Sofia November 14, 2011. REUTERS/Stoyan Nenov

A man walks past a grocery store in downtown Sofia November 14, 2011.

Credit: Reuters/Stoyan Nenov

Related Topics

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)

FILED UNDER:
  • Most Popular
  • Most Shared

Ukraine Crisis

REUTERS SHOWCASE

Ebola Outbreak

Ebola Outbreak

Chronology - Worst Ebola outbreak on record tests global response.  Full Article 

Fear Down Under

Fear Down Under

Australia fears Islamist radicals joining forces with biker gangs.  Full Article 

Mexico Protests

Mexico Protests

Molotov cocktails, clashes as Mexico City braces for massacre protests.  Full Article 

Nuclear Probe

Nuclear Probe

Iran rejects West's pressure on nuclear probe, offers site access.  Full Article 

Egypt Crackdown

Egypt Crackdown

Egypt arrests Brotherhood leader as crackdown intensifies.  Full Article 

Third Term

Third Term

Sri Lanka president seeks third term, critics want powers curbed.  Full Article 

Considering Pardon

Considering Pardon

Egypt's Sisi says pardon for Al Jazeera journalists "being discussed".  Full Article 

Difficult Diplomacy

Difficult Diplomacy

Iran still stalling as nuclear deal deadline looms - watchdog.  Full Article 

Detention Order

Detention Order

Swedish appeal court upholds Assange detention order.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage