Cheaper food remains expensive // FAO records a six-month period of food price decline
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World food prices, after jumping to a historic high in March, declined in September for the sixth month in a row – but remain above last year’s levels, the UN Food and Agriculture Organization (FAO) said yesterday. The local decrease in the overall FAO index does not remove either the problem of the impact of the surge in prices on inflation in the world, or the issue of food shortages in many countries. Food shortages will keep food prices high – according to experts, in the next decade, the pace of food consumption will grow faster than the pace of its production.
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