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Global food prices fall 1% as supply prospects improve

2013-07-04 16:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: 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...

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