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 selection of a hard-line cleric as the new Taliban chief on Wednesday all but dashes U.S. President Barack Obama's hopes for opening peace talks before he leaves office, one of his top foreign policy goals, current and former U.S. defence and intelligence officials said. Full Article
- Japan's Abe takes G7 leaders to shrine as economy tops summit agenda
- Exclusive: EU launches contingency talks for Brexit vote - sources
- Islamic State claims fatal stabbing of Bangladeshi Hindu - monitor SITE
- China says its people will never stand for Taiwan independence
- Eight protesters arrested at Trump rally in California