Bloomberg News

Brazil Ministry Says Food Price Unlikely to Fall During Harvest

October 06, 2011

Oct. 6 (Bloomberg) -- Brazil’s Agriculture Ministry doesn’t expect food prices to fall as much during the 2012 harvest as in previous years, said Deputy Minister Jose Carlos Vaz.

The smaller price drop during the harvest won’t help ease inflation as much as in the past, Vaz said today at a press conference in Brasilia. Usually, rising food supplies during the harvest drive down costs.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: Jessica Brice at jbrice1@bloomberg.net


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