International food prices drop for sixth month in a row

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A woman sells fresh farm produce at Thiri Mingalar market, Yangon
© Jason Gutierrez/IRIN

Prices for most agricultural commodities are sharply lower than they have been in recent years, according to the latest report of the UN Food and Agriculture Organization (FAO).

FAO's biannual Food Outlook report attributes the drop in food prices to good harvests and ample stockpiles.

It says that world cereal production in 2014 is expected to be more than 2.5 billion tonnes, an upward revision of 65 million tones from the initial forecast in May.

Sandra Ferrari asked Abdolreza Abbassian a senior economist with FAO about the drop in food prices.

Duration: 3'56"

 

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