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World Bank warns of high food prices
Economy - Tuesday, November 1, 2011 (16:03 hrs)
In one year , the price of corn rose 43%
( Photo : File )
Lanie Ramirez / El Financiero in line
Mexico , 1 November .- The price world of food continue to rise and unstable , situation that hits on all the countries most poor and adds to the tension that lives the economy worldwide , warned the Bank World .
In face of the meeting that the G-20 held in Cannes, France , the agency published the study "Alert on prices of food " in that highlights the increase in prices in spite of that the rate of the Bank has remained without change between July and September . If either the index concerned the Bank fell by 5% from the peak reached in February 2011 and recorded a new low marginal 1% in September , is still 19% for on the levels of September 2010. "The crisis of the food not being overcome " , said the President of the Group of Bank World , Robert B. Zoellick , who has urged the G-20 to give priority to the issue . "In Cannes, the G20 can and should take steps to confront the needs of the millions who suffer from malnutrition and hunger " . According to the report ,prices of cereals increased by 30% ( between September 2010 and the same months 2011), the corn rose 43%, rice 26% and wheat 16%, while that of soybean oil increased 26% . The problem is more serious according to the study is that l I countries would now developing very few resources to protect vulnerable people after the economic crisis and the costs incurred by the stimulus packages