- Infowars - http://www.infowars.com -
Global food prices fall 1% as supply prospects improve
Posted By Adan On July 4, 2013 @ 12:21 pm In Global Crisis | Comments Disabled
July 4, 2013
Global food prices fell 1% in June due to improving supply prospects, the United Nations’ food agency has said , raising forecasts for wheat and maize output in the new season.
Food prices spiked during the summer of 2012 due to a historic drought in the US but prospects for a rebound in global grain supply and good weather forecasts are now weighing on markets.
The Food and Agriculture Organisation’s (FAO) price index that measures price changes for a basket of cereals, oil seeds, dairy, meat and sugar, fell for a second month running to 211.3 points in June – its lowest level since February.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/global-food-prices-fall-1-as-supply-prospects-improve/
Copyright © 2013 Infowars. All rights reserved.