Food-import costs down 11 percent this year, lowest in six years

The world will spend $1.17 trillion on food imports, including freight costs, this year, the smallest figure since 2010 due to low prices for meat, dairy, and grains, said the U.N. Food and Agriculture Organization. The developing world will see a smaller decline, only 5 to 9 percent, the group said, because the strong dollar “is keeping the… » Read More