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World food prices fall; inflation fear remains

NewsDay Staff ·

MILAN/LONDON – World food prices eased in April after rising in the first quarter of this year, the United Nation’s food agency said, but inflation worries are still simmering as soybean prices climb.

Record high food prices last February helped to fuel the Arab Spring uprisings in the Middle East and North Africa. Prices receded in the second half of 2011 but the uptrend resumed in January.

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