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:

26/11 Attack

REUTERS SHOWCASE

Lakhvi's Bail

Lakhvi's Bail

Pakistan court bails man accused of masterminding Mumbai attack.  Full Article 

PM's Moves

PM's Moves

Modi moves in to speed up $300 billion stuck projects.  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market.  Full Article 

"PK" in Cinemas

"PK" in Cinemas

Secret of year's "biggest" Bollywood film is its plot.  Full Article 

Priya's Shakti

Priya's Shakti

Rape survivor turns "superhero" in India's first digital comic.  Full Article 

U.S.-Cuba Ties

U.S.-Cuba Ties

U.S., Cuba restore ties after 50 years.  Full Article 

Threat Works

Threat Works

Sony cancels N.Korea movie in apparent win for Pyongyang hackers.  Full Article 

Safety Concerns

Safety Concerns

Uber plans tighter screening for drivers.  Full Article 

Reuters India Mobile

Reuters India Mobile

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