16-05-2008
UN FAO reveals global food price fall
News by Adfero for Simply Business - independent providers of public liability insurance, business finance, landlord insurance, buy-to-let mortgages & commercial mortgages.
The United Nations Food and Agriculture Organisation (UN FAO) has reported a fall in worldwide food prices, it has emerged.
According to the findings of the organisation's food price index, global food prices have declined for the first time in a total of 15 months.
"Since the beginning of May, there have been some positive signs, especially coming from the wheat crop prospects, which are very good," said Abdolrea Abbasian, a representative from the UN FAO, in an interview with the BBC.
"Overall, I think as time goes on, we are getting a little bit optimistic".
Specifically, the latest figures from the index report show a fall to 216.7, from a March total of 217.
Established in 1945, the UN FAO works in the international arena - in a neutral way - towards the elimination of hunger in both the developed and developing world.