World food prices are stabilized due to supply increaseUpdate: 11/24/2018
Food and Agriculture Organization of the United Nations ( FAO ) on 7/11 announced after a variable time , world food prices are now stabilizing and transmits the positive signal .
According to FAO , this result is due to an increase in the supply of food on the world market are generally associated with significant recovery of incentive grain market in particular.
Commercial Director of FAO and the market , said David Hallam said in recent months , prices of most essential food commodities fell , derived from increased production and food supply assessment actually abundant activities and trade and boost the stock market rally .
FAO said world cereal production increase this year is due to the wheat and corn crops in the United States and Russia bumper . Therefore , prices will remain stable for a reasonable rate .
Food price index in October last rose 205.8 points , up slightly from 2.7 the previous month . Also, according to the organization , world sugar production will increase slightly this year and next year , mainly in Brazil - the country 's largest sugar producer in the world, while sugar consumption is forecast to increase about 2 % .
Earlier, in a report on world food outlook periodical published twice a year in June last , FAO forecasts the market essential food commodities will be more balanced in the 2013-2014 season .
After a difficult period in the 2012-2013 season , typically cereal supply and reduce prices , good prospects for production and reserves in the world could help stabilize the market and easing prices in the new season . / .