FAO: food prices down 1% in October November 8, 2012 - 14:40 AMT PanARMENIAN.Net - A United Nations agency says prices for basic foods fell by one per cent last month, led by lower prices for cereals, oils and fats, further assurance that fears of high prices leading to rioting aren't bearing out. According to The Associated Press, the Food and Agriculture Organization said that the trend in lower prices would likely mean that the 2012 bill for importing food around the world would be $1.14 trillion, down 10 per cent from 2011. The heads of the three Rome-based UN food agencies had warned in September that higher food prices could trigger a repeat of the rioting and unrest that hit parts of the developing world in 2007-2008, when food prices rose sharply. However, the latest FAO projections said prices averaged eight per cent lower during the first 10 months of 2012. Partner news  Top stories Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Finance Minister linked the step with the collection of air taxes. He further noted that lawsuits were filed by other lenders, too.   Partner news |  Latest news RWB says Nişanyan jail sentence unacceptable  Nişayan's sentence cannot be converted to a financial penalty because of a previous trial, but the writer has the right to appeal.Obama nominates Victoria Nuland for assistant secretary of state Nuland, a career foreign service officer who was until recently State's top spokesperson, was expected to be nominated the post.Australian politician slams Turkey’s Gallipoli ban threat “I do not have respect for such excessive comments and actions,” Member of the New South Wales Legislative Council said.Huge quake hits Russia's Far East off Kamchatka Peninsula The epicenter of the quake was located 244 miles west north west of Petropavlovsk-Kamchatskiy at a depth of 385 miles. |
