World food prices fall for first time in eight months

World food prices fall for first time in eight months
# 07 April 2011 13:03 (UTC +04:00)
Baku - APA-Economics. World food prices fell for the first time in eight months in March after hitting record highs at the start of the year, the UN’s Food and Agriculture Organisation (FAO) said on Thursday, AFP reported.

The FAO’s Food Price Index dropped after eight months of continuous price spikes to an average 230 points in March, down 2.9 percent from its peak in February, but still 37 percent above March 2010, the Rome-based agency said.

"The decrease in the overall index this month brings some welcome respite from the steady increases seen over the last eight months," said David Hallam, director of FAO’s trade and market division.

"But it would be premature to conclude that this is a reversal of the upward trend," he added.
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