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Food Prices — For Now


milan/reuters World food prices are likely to remain on a downward trend for some time, after falling in September again, due to increased cereals output and weaker demand, according to the United Nations Food and Agriculture Organization.

But global economic uncertainty and still tight cereal reserves would add volatility to prices, said the agency s senior economist and grain analyst Abdolreza Abbassian.

I think volatility will be with us, unfortunately, Abbassian said.

Richardson expands

Winnipeg /reuters Richardson International has bought margarine and shortening maker Innovative Foods Corp.

The company has manufacturing plants in Mississauga, Ontario, and Sussex, New Brunswick, while privately held Richardson crushes canola at two locations in Western Canada and the vegetable oil is used in margarine. Richardson did not disclose the price of its Oct. 1 purchase.



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