Global Food Politics

A new FAO food price forecast issued late last week suggests that food prices should stabilize this year. While noting numerous challenges, including the U.S. drought and ongoing conflicts in Syria, Korea, the Democratic Republic of the Congo, and Mali, it notes that grain production is expected to increase in Europe and Russia, keeping maize and wheat prices stable. If their forecast is correct, it would represent a stabilization of prices at historically high levels, but stabilization nonetheless.

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