Food Markets Down from 2008 Prices
June 5, 2009| |
Many markets are stabilizing with international prices of most agricultural commodities down from their 2008 levels. This was reported in Food Outlook published by the Food and Agriculture Organization. Cereals posted the greatest improvement with yields larger than originally forecasted and thus able to meet global demand. World cereal production is expected to be the second largest ever after last year's record.
Oilseed products and sugar are experiencing production setbacks and greater consumption requirements. Greater demand for soybean is a present concern which can affect food and feed prices.
For the full report visit http://www.fao.org/docrep/011/ai482e/ai482e00.htm
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