Friday, May 30, 2014

World Bank Sounds Alarm On Sharp Rise In Global Food Prices




World food prices rose in the first quarter of the year for the first time since their all-time high in August 2012, driven by rising demand in China, drought in the United States and unrest in Ukraine.

According to the World Bank, internationally traded food prices increased by a sharp 4.0 percent. The leap was led by wheat and maize, up 18 percent and 12 percent, respectively.

No comments:

Post a Comment