The Food and Agriculture Organization (FAO) expects there will be less volatility in the price of commodities such as wheat and rice.

An FAO report released on Thursday finds that food commodity markets are set to be more balanced this year and also in 2014, as compared to recent years.

The report says the prices for most basic food commodities have declined over the past months, and that there will be more abundant supplies and higher stocks in the current season.

The agency’s Sandra Ferrari asked FAO Senior Economist Abdolreza Abbassian to elaborate on the report’s findings.

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