NEWS
FAO: Food Prices May Ease in 2012
Tue Jan 3, 2012 11:07 AM CST

ROME (Reuters) -- Prices of some foods may ease slightly in 2012 due to a slowing global economy but are unlikely to drop drastically from the high levels reached last year, the new director-general of the U.N.'s Food and Agriculture Organization said on Tuesday.

Jose Graziano da Silva, the Brazilian who replaced Senegal's Jacques Diouf at the helm of the FAO at the start of 2012, said volatility in food markets was likely to continue and that more people would be at risk of hunger due to economic instability.

"Prices will not be going up as in the last two ...

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