Falling global food prices a big relief for govt
Ajay Modi / New Delhi August 25, 2008, 0:45 IST The recent softening in global prices of essential food items has come as a big relief for countries battling with high inflation. Wheat, rice and edible oil prices have begun moving down from their past highs, as farmers continue to expand area under these crops in response to high prices. Speculators worldwide are now betting on falling prices.