Wheat, corn and soybean prices eased at the start of the week on news of favorable crop weather in the US and Europe along with Argentina's decision to repeal the export tax hike.
The first day of ministerial negotiations on global trade at this week's meeting in Geneva of the Trade Negotiations Committee harvested conflicting opinions about prospects for an agreement.
As rain continues to pour on Chile's central and southern regions this week, more than 1.200 people were forced to flee their towns in southern Chile, as of Thursday, when their homes were flooded.
Urgent changes in global agricultural policies are needed to meet the threats of soaring food and energy prices, the United Nations General Assembly President said on Friday.
Oil prices fell sharply Tuesday on concerns that a slowing US economy will decrease demand for oil. The price of crude oil in New York at one point fell more than 9 US dollars a barrel in New York trading, the biggest one-day drop in dollar terms in 17 years.
Global shares fell sharply during Tuesday on fears over the state of the US economy, with the Dow Jones index closing at its lowest level in two years.
Witanhurst, a 90-room Grade-II Queen Anne listed mansion in Highgate, sold for £23 million last year, only to see its value soar 56% in the last 12 months despite worries of falling house prices.
Surging fuel food prices drove Euro zone inflation in June to 4%, (from 3.7% in May) more than double the European Central Bank target and the highest since measurements began in 1997, according to the latest release from the EU statistics office Eurostat.
Former SS doctor Aribert Heim is still likely to be alive in Chile, said a director of the Simon Wiesenthal Centre at the end of a five-day mission.
World Trade Organization Director-General Pascal Lamy said the chances of success for reaching a world-trade agreement have increased as a result of talks before trade ministers meet next week in Geneva.