Don't miss

Replay


LATEST SHOWS

YOU ARE HERE

Ringing the bells of northern France

Read more

IN THE PAPERS

'Trump Administration Starts with Big Lie Over Small Thing'

Read more

BUSINESS DAILY

Samsung blames batteries for Galaxy Note 7 explosions

Read more

TALKING EUROPE

EU Transport Commissioner: 'We are preparing legislation on drones'

Read more

IN THE PAPERS

French left-wing primary: The 'two lefts' go to war

Read more

TALKING EUROPE

The problem with posted workers: Free movement or free labour?

Read more

FRANCE IN FOCUS

French education: Reinventing the idea of school

Read more

FRENCH CONNECTIONS

Frogs legs and brains? The French food hard to stomach

Read more

#TECH 24

Station F: Putting Paris on the global tech map

Read more

Business

Rising food prices push millions into poverty

Text by News Wires

Latest update : 2011-02-15

World Bank President Robert Zoellick has warned that global food prices have reached “dangerous levels” and pushed an estimated 44 million people into poverty over the past year, an effect he says could contribute to political instability.

AP - World Bank President Robert Zoellick says global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries.

The bank says in a new report that global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak hit in 2008. Zoellick says the rising prices have hit people hardest in the developing world because they spend as much as half their income on food.
 
The World Bank estimates higher prices for corn, wheat and oil have pushed 44 million people into extreme poverty during the year.
 
Zoellick said he expects food prices to continue to rise, and that export bans and weather disruptions are partly to blame.

 

Date created : 2011-02-15

COMMENT(S)