Global food prices steady in August

September 6, 2012 9:12 am
Maize after harvest/AFP

, ROME, Sept 6 – Global food prices were steady in August, the United Nations food agency said Thursday following a jump of six percent in July that stemmed from a spike in US corn prices.

An overall index of food prices averaged 213 points last month, the same level as in July, the United Nations’ Food and Agriculture Organization said.

FAO director David Hallam told a press conference in Rome: “There is a great deal of talk about whether we have some kind of food crisis emermeging. There is no strong evidence to suggest that in the price data.”

A statement released by the organization said that “although still high, the FAO index currently stands 25 points below its peak of 238 points in February 2011 and 18 points below its August 2011 level.


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