World Food Prices Seen Rebounding After Falling From Record
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World food prices that fell from a record last month may rebound, the United Nations said, after grains rallied on reports of shrinking stockpiles.
An index of 55 food commodities dropped 3 percent to 229.8 points from an all-time high of 236.8 in February, the UN’s Rome-based Food and Agriculture Organization said in an online report today. That was the first slide since June and came as wheat fell 6.6 percent and corn 5.2 percent in Chicago trade last month.