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Drought to Keep Food Prices High Over Next 6 Months; FAO

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ROME

Global food prices will probably stay high in the next six months after drought in the U.S. and Russia cut grain supplies, said the United Nations. The global market “will switch to a short supply mode” for the first time in two years, said Hiroyuki Konuma, the regional representative for Asia and Pacific at the UN’s Food & Agriculture Organization.