From the Newsroom*
São Paulo – Projections of the Food and Agriculture Organization (FAO) of the United Nations (UN) point to a gradual reduction in the prices of certain foodstuffs. The information was published on the website of the UN in Brazil.
According to the FAO, for the first time in the last 15 months, there has been a reduction in the prices of wheat, dairy products, sugar and soy. According to the director of Policies at the FAO Regional Office, Fernando Soto, the price of wheat dropped 40% in comparison with November last year.
The organization estimates that there should be a 2.6% rise in global production of grain this year. A record high crop is expected, according to Soto.
*Translated by Gabriel Pomerancblum
