Delegates at a special United Nations meeting have been told that good harvests and adequate cereal stocks should mean a drop in recent rises in the cost of food.
The meeting of the Food and Agriculture Organisation in Rome was called after grain prices hit a two-year high.
World Food Programme spokesperson Greg Barrow says a grain export ban by Russia, one of the world's biggest suppliers, has caused some of the price volatility. Russia imposed the ban after its crop was badly hit by drought in the summer.
However, overall crop harvests in 2010 could be the third highest on record, delegates were told, despite flooding in Pakistan and China.
Another factor making a repeat of the food price spike in 2007/8 less likely is a more stable oil market, the BBC reports.
Stability in oil prices matters for food production because oil is essential in the fertiliser industry and in moving goods to market.
High oil prices also make it more attractive to plant biofuels, which compete with food crops for scarce land.
Food prices remain high for the poorest people, and Mr Barrow told the BBC that the solution to hunger might not be just in food aid, but might mean ration cards and other supports to help people secure food is the best solution.
