World Bank, high food prices not acceptable
World Bank, high food prices not acceptable
A “new norm” of high and volatile food prices is unacceptable as millions of people continue to suffer from hunger and to die from malnutrition, the World Bank Group warned Thursday.
Global food prices remain at high levels, or 7 percent higher than a year ago. Grains are 12% above their levels 12 months before and very close to the all-time high of Y 2008. Maize was 17% higher than in October 2011 and 10% above the record-high prices of February 2011, the WBG said in its latest Food Price Watch report.
“A new norm of high prices seems to be consolidating. The world cannot afford to be complacent to this trend while 870-M people still live in hunger and millions of children die every year from preventable diseases caused by malnutrition,” said Otaviano Canuto, WBG’s vice president for Poverty Reduction and Economic Management.
“Although we haven’t seen a food crisis as the one of Y 2008, food security should remain a priority. We need additional efforts to strengthen nutrition programs, safety nets, and sustainable agriculture, especially when the right actions can bring about exceptional benefits,” added Mr. Canuto.
Related Articles
Global Food Prices Remain High
February 1st, 2012
Rising food prices haunt the World’s future
October 17th, 2012
Food Prices to Rise
April 26th, 2012
Global food prices hit record high
February 4th, 2011
World Bank, Food and Africa
October 26th, 2012
Global food prices at dangerously high level
February 15th, 2011
More News
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
1 of 6
China Economy in for a Shock
Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …
Commentary
Investor Services
Portfolio Management Services
Protect against inflation and currency shifts.
What is Portfolio Management?
Managing investments in equities requires time,
…
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
The Pilette Family’s 100 yr Racing History Celebrated at Indy
Theodore Pilette was a Belgian racing driver who finished 5th in the Y 1913 Indy 500 …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
1031 
104 
Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
1413
146
