Citing dwindling stocks and only small production increases for the majority of crops, a new United Nations report released yesterday said world food prices are likely to remain high for the rest of this year and into 2012.
The biannual Food Outlook published by the UN Food and Agriculture Organization (FAO) states that the next few months will be critical in determining how the major crops will fare this year.
“The general situation for agricultural crops and food commodities is tight with world prices at stubbornly high levels, posing a threat to many low-income food deficit countries,” according to David Hallam, Director of FAO’s Markets and Trade Division.
