Global food prices fall, crop prospects improve
date:Jul 05, 2013
s, oilseeds, dairy, meat and sugar, fell for a second month running to 211.3 points in June, its lowest level since February.

Crop prospects are even better than what we anticipated last month, while demand is subdued, said FAO senior economist Abdolreza Abbassian.

We should be in for a season with lower prices and as inventories are being rebuilt, especially for corn, prices should be more stable, he added.

FAO and the agriculture body AMIS raised their estimate for 2013/14 world wheat outpu
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