world bank global food prices stable
Last Updated : GMT 08:21:11
Arab Today, arab today
Arab Today, arab today

World Bank: Global food prices stable

Arab Today, arab today

Arab Today, arab today World Bank: Global food prices stable

London - Arabstoday

Global food prices remained stable, though close to 2008 record levels, the World Bank said, as it warned that a “new norm” of costlier food was setting in and threatening to increase hunger and malnutrition in the world’s poorer regions. In an update of its quarterly “Food Price Watch” report, the World Bank said the absence of “panic policies,” such as food export restrictions, had helped stabilize commodity prices since price spikes in July. “Even as the world seems to have averted a global food price crisis, a growing sense of a ‘new norm’ of high and volatile prices seems to be consolidating,” the World Bank said. “The world cannot afford to get used to or be complacent with high and volatile food prices.” The World Bank food price index shows that while prices have stabilized they are 7 percent higher than a year ago. In particular, grains are up 12 percent from a year ago and close to the all-time high set during a global food price crisis in 2008, when food riots broke out in Asia and Africa. The worst droughts in more than half a century in the United States corn belt and food basket regions of the Black Sea pushed up the global prices of wheat and maize this year, at a time that the world economy was slowing and Europe has been engulfed in a debt crisis. On Nov. 8, the Rome-based UN Food and Agriculture Organization said its food index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 213 points in October, down two points from the reading in September. U.N. agencies have estimated that some 870 million people are chronically malnourished. Eradicating hunger is one of the eight UN Millennium Development Goals, or MDG’s, to reduce global poverty. The World Bank urged governments to strengthen safety nets for the poorest and ensure that nutrition was factored into the help given to poor households. “More resources, better data and sound policy choices continue to be needed to end hunger for the world’s 870 million hungry people,” the Bank said. Otaviano Canuto, World Bank vice president for poverty reduction and economic management, also urged countries to boost investment in agriculture to increase food production, which would help reduce prices. The World Bank and other development lenders have increased financing for agriculture in developing countries, a sector that had long suffered from under investment. The 2008 food price and energy crisis, however, highlighted the need for more investment in food production. A swelling middle class in fast-growing emerging economies like China has added to rising demand for more food supplies. From : Khalij

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank global food prices stable world bank global food prices stable

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank global food prices stable world bank global food prices stable

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday