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Food-Price Declines Won’t Help Feed Hungry as Dollar Strengthens

Lower food prices may be of no help to the world’s hungry people because a stronger dollar might limit purchasing power, according to the United Nations’ Food and Agriculture Organization.

The U.S. Dollar Index, a six-currency gauge of the greenback’s strength, climbed the most last month since October 2008 as investors sought a haven from the European debt crisis. A UN food-price index fell in September to 224.98, the lowest level since December, the FAO said in a report yesterday.