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:

SAARC Summit

REUTERS SHOWCASE

Ferguson Riots

Ferguson Riots

National Guard, police curb Ferguson unrest as protests swell across U.S.  Full Article 

Hong Kong Protests

Hong Kong Protests

Hong Kong riot police clear protest site, arrest student leaders.  Full Article 

Special Report

Special Report

Putin's allies channelled billions to Ukraine oligarch.  Full Article 

Polls 2016

Polls 2016

Romney tops Republican poll for '16; ahead of Clinton in election.  Full Article 

Syrian Crisis

Syrian Crisis

Russia vows support for Syria's Assad to combat "terrorism".  Full Article 

Tackling Jihadis

Tackling Jihadis

INSIGHT - Secular France moves to confront jihadism after slow start.  Full Article 

Award Backlash

Award Backlash

Save the Children under pressure, 100,000 oppose award for Tony Blair.  Full Article 

Reuters India Mobile

Reuters India Mobile

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