Monday 10 October 2011

World food prices decline after grain price slump

For a third month world food prices fell, its the longest stretch of decline in two years, the decline in prices is blamed on the grains slump and there are concerns that demand will be affected by an economic slowdown. A senior economist at the Food and Agriculture Organisation said “the only reason prices are coming down is the economic slowdown,” he also said “If we get more bad demand news, I wouldn’t be surprised to see prices go lower.” Read more ...
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