UN agency: Food prices ease a bit, still down from last year’s peak; cereals prices dip

Published on 09 December 2011

A U.N. food agency says global food prices have eased marginally, with wheat prices dropping by 3 percent. (..) The agency said a “significant” upward revision of the global cereal supply estimate for 2011-2012 — thanks to better crop prospects in Russia and some Asian countries — put downward pressure on cereal prices.

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The Washington Post / AP