Global food market steadies

Global food market steadies

Good harvests and ample stockpiles continue to drive down international food prices.

STABILIZATION returned to the global food industry as the U.N. Food & Agriculture Organization (FAO) showed lower prices for most agricultural commodities in its recent reports: the biannual "Food Outlook" and the monthly "Food Price Index."

Overall, abundant grain harvests are driving down world cereal prices. However, the expected slight growth in meat production for this year will not ease high meat prices.

World cere

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