World Bank sounds alarm on rising global food prices
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(AFP / Worthy News)– 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.
According to the World Bank, internationally traded food prices increased by a sharp 4.0 percent. The leap was led by wheat and maize, up 18 percent and 12 percent, respectively.
Experts are concerned that rising prices will hurt the world’s most vulnerable and could foment food riots and other social unrest.
“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.
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