MILAN 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)
Trending On Reuters
The deadly air strike that hit a hospital in the Afghan city of Kunduz was a mistake made within the U.S. chain of command, the American commander of international forces in Afghanistan said on Tuesday. Full Article
- Nobel prize for solving puzzle of ghostly neutrino particles
- Islamic State kills 22 in attacks on Yemen govt, Gulf troops, mosque
- Ex-U.N. General Assembly president, 5 others charged in U.S. in bribe scheme
- How Iranian general plotted out Syrian assault in Moscow
- EU seeks Turkey help to block migrant flows, offers cash