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World food imports can be 1.29 trillion Record, FAO says - BusinessWeek

June 7 (Bloomberg) - world food imports could climb 21 percent to a record of $ 1.29 trillion this year, with the "poor" countries up to 30 percent of spending more than last year, the food and Agriculture Organization of the Nations United said.Costs of cereals and vegetable oil-based products can account for 40 percent of the increase, FAO said in a report on its Web site today. Invoices of livestock can increase by an average of 17%, sugar and beverages by 26% and of vegetables and fruits by 13 percent, he said. "This will be quite an increase for countries that are already vulnerable, for countries already experiencing inflation of solid food, 'Abdolreza Abbassian, a senior economist at FAO in Rome, said on a retransmission of the FAO.Food prices were close to a record in may, supported by the increase in meat and dairy prices, FAO said in a separate report today. Staple foods, including maize will be more that doubled in twenty years unless the action is brought, Oxfam International said last week. "" The situation of the offer as it may seem is barely meet demand and thus prices remain very stubbornly high levels ", said Abbassian. "They have been like this for almost six months and the prospects for the new season seem to suggest that the same situation may prevail again some time.".

-Editors: Claudia Carpenter, John Deane


To contact the reporter on this story: Claudia Carpenter at the ccarpenter2@bloomberg.net London


To contact the editor responsible for this story: Claudia Carpenter at the ccarpenter2@bloomberg.net London


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