FAO: Food import bill to drop

FAO: Food import bill to drop

Food prices continued to decline in April amid large commodity supply levels.

INTERNATIONAL prices for agricultural commodities continued to decline in April, and abundant inventories are poised to offset any pressure from the slight reduction in global harvests expected this year, according to the latest forecasts in the U.N. Food & Agriculture Organization's (FAO) semiannual "Food Outlook" report.

The report forecasts worldwide cereal production to decline 1.5% from last year's record-breaking output, mainly due to red

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