Global: Food prices may be even higher next year, warns new UN report

Global food import bills may pass the $1 trillion mark in 2010, a level not seen since food prices peaked in 2008, says a new United Nations report, which warns that harder times could be ahead without a major increase in food production next year. According to the latest edition of the Food Outlook report, released by the UN Food and Agriculture Organization (FAO), food import bills for the world's poorest countries are predicted to rise 11 per cent in 2010 and by 20 per cent for low-income food-deficit countries.