FAO Releases August Food Price Index, Unchanged from July”
The United Nations Food and Agriculture Organization reported yesterday (Thursday) that world food prices stabilized in August at levels close to those during the 2008 food crisis. FAO Director General Jose Graziano da Silva has called for international action to calm markets - but he says the current price index provides some cause for optimism. Graziano da Silva says current prices are no justification for talk of a world food crisis - but the international community can and should move to further calm markets. He says the FAO is reassured the U.S. drought won't pull the world into a similar situation as in 2008.
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