World Bank issues hunger warning after droughts in US and Europe
http://www.guardian.co.uk/global-development/2012/aug/30/world-bank-global-hunger-warning-drought?intcmp=122
The World Bank issued a global hunger warning last night after severe droughts in the US and eastern Europe sent food prices to a record high.
Damage to crop harvests from exceptionally dry weather this year raised sharply the Bank's food price index taking it above its peak in early 2011.
The Washington-based bank blamed the drought in the US for the 25% price rise of maize and 17% price rise in soya beans last month, adding that a dry summer in Russia, the Ukraine and Kazakhstan lay behind the 25% jump in the cost of wheat.
"Food prices rose again sharply threatening the health and well-being of millions of people," said World Bank group president, Jim Yong Kim. "Africa and the Middle East are particularly vulnerable, but so are people in other countries where the prices of grains have gone up abruptly."