date:Nov 12, 2012
nnual global market report also published today, noted that lower international prices and freight rates, together with lower cereal purchases, could push down the world food import bill in 2012.
Global expenditure on food imports was forecast at $1.14 trillion in 2012, 10 per cent lower than last year's record level.
Despite tight markets, a set of conditions and measures have so far stopped international food prices from spiralling up as they did in 2007-2008 and 2009-2010. Chief among those