date:Oct 08, 2012
Global food prices will probably stay high in the next six months after drought in the U.S. and Russia cut grain supplies, said the United Nations.
The global market will switch to a short supply mode for the first time in two years, said Hiroyuki Konuma, the regional representative for Asia and Pacific at the UNs Food Agriculture Organization. We will have to monitor it very cautiously, he said in a phone interview on Oct. 3.
World food costs rose in September to the most expensive in six mo