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FAO Food Price Index Stabilized In August; International Action On Markets Still Needed, DG Says

“World food prices stabilized in August at levels close to those reached in the food crisis of 2008,” according to the most recent U.N. Food and Agriculture Organization’s (FAO) Food Price Index, Reuters reports. “FAO Director-General Jose Graziano da Silva called for international action to calm markets but also said the August price index, which remained unchanged from July, provided some cause for optimism,” according to the news agency. “‘Although we should remain vigilant, current prices do not justify talk of a world food crisis. But the international community can and should move to calm markets further,’ Graziano da Silva said in a statement,” Reuters writes (Hornby, 9/6).