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A vendor arranges vegetables for sale at his stall in Jammu August 18, 2011. (MUKESH GUPTA/MUKESH GUPTA/REUTERS)
A vendor arranges vegetables for sale at his stall in Jammu August 18, 2011. (MUKESH GUPTA/MUKESH GUPTA/REUTERS)

World food prices stabilize at high levels: FAO Add to ...

Global food prices have been stabilizing at high levels and there is still risk that prices can rise, a senior economist at the United Nations food agency said on Thursday after the UN’s food prices index showed a new monthly decline in November.

“I’d rather say it is a slowdown in decline ... It is more stabilizing at high levels than a downturn,” Abdolreza Abbassian, senior economist at the UN’s Food and Agriculture Organization (FAO) told Reuters in a telephone interview.

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“The upside risk is still there,” Mr. Abbassian added.

Global grain stocks were at comfortable levels this season, but next season’s situation remained rather uncertain and would depend on a balance between demand and new output, he said.

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