Global food prices up, poor at risk: World Bank

2012-04-26 10:26

Global food prices again rose in the first quarter on the back of higher oil prices, putting millions of people at risk of not having enough to eat, the World Bank said today.

The 8% increase from December 2011 to March 2012 was because of “higher oil prices, adverse weather conditions and Asia’s strong demand for food imports,” the World Bank said in its latest Food Price Watch report.

The bank’s global food price index was “only 1% below a year ago and 6% below the February 2011 historic peak,” it said.

“After four months of consecutive price declines, food prices are on the rise again, threatening the food security of millions of people,” said Otaviano Canuto, the bank’s vice-president for poverty reduction and economic management.

“Putting food first must remain a priority for the international community and in our work in developing countries.”

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.