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World food prices that fell from a record last month might rebound, the United Nations said Thursday, after grains rallied on reports of shrinking stockpiles.
An index of 55 food commodities dropped 3 percent to 229.8 points from an all-time high of 236.8 in February, the U.N.’s Rome-based Food and Agriculture Organization said in an online report. That came as wheat fell 6.6 percent and corn 5.2 percent in Chicago trading last month.
