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UN Agency Says Food Crisis Eases


The United Nations' Food and Agriculture Organization says people in developing nations are now less vulnerable to the soaring food prices that sparked riots in some areas in 2008.

Food prices hit record highs last year, but a FAO report says prices are easing downward this year, and will not soar again unless there is some unforeseen problem with a significant crop.

But the report's authors caution that while prices have declined, they are still high enough to cause problems for the poor, who are also suffering from declining incomes due to the economic downturn.

Last year's high food prices were blamed on many factors, including rising demand from the biofuel industry, speculation, and export limits by some producing nations.

Some information for this report was provided by AP, Bloomberg and Reuters.

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