Last updated: February 20. 2013 1:31AM - 68 Views

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(AP) A U.N. agency plays down fears of a looming world food crisis as international coordination and flagging demand have led to a drop in food prices for the third consecutive month in December.


The food price index of the Rome-based Food and Agriculture Organization edged down 1.1 percent with drops in the international prices of major cereals, oils and fats. For 2012 as a whole it was down 7 percent from 2011.


Earlier this year the agency had warned that bad weather, including severe drought in North America, could trigger a repeat of the rioting and unrest that hit parts of the developing world in 2007-2008.


The agency's announcement Thursday said the results mark a reversal from July when sharply rising prices prompted fears of a new food crisis.


Associated Press
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