date:Nov 08, 2013
FAO senior economist Abdolreza Abbassian told Reuters by telephone. I do not see such sharp declines in prices in coming months as we have seen in the first half of the year, he said.
FAO's index measuring monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 205.8 points in October, up 1.3 percent from September and hitting its highest level since July.
Food prices surged during the summer of 2012 due to a major drought in the United States but prospects fo