Food-Inflation Concerns Will Persist, FAO’s Abbassian Says
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Food-price inflation concerns for policy makers are set to persist even as rice declines and wheat trades below this year’s peak, according to the United Nations, which said that importers are still paying more than a year ago.
Another year of bumper wheat and rice harvests, as well as a continued surplus in corn, is needed to bring stockpiles back to “healthy” levels and reduce inflation concerns, Abdolreza Abbassian, senior economist at the UN Food & Agriculture Organization, said in an interview in Singapore today.