01 Feb 2012Washington - Global food prices are set to decline further in 2012 as a weaker world economy dampens consumer demand while food supplies rise, the World Bank said on Tuesday, warning that a possible rise in oil prices could reverse the trend.
The World Bank said prices have declined steadily but volatility has increased, including among staples like wheat, maize and rice. In some countries, domestic food prices are higher than levels in 2010, keeping pressure on poor households that spend the bulk of their income on food
http://www.fin24.com/Economy/Weaker-economy-dampens-food-prices-20120131
