Showing posts with label Food Prices. Show all posts
Showing posts with label Food Prices. Show all posts

Friday, May 30, 2014

Food Price Watch | World Bank sounds alarm warning of food riots because of rising 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.


WASHINGTON: 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.
"Food price shocks can both spark and exacerbate conflict and political instability, and it is vital to promote policies that work to mitigate these effects," the report warned.