The World Bank found a trend towards higher global food prices in its recently released Food Price Watch report, with prices of internationally traded foods remaining stable at high levels and international grain prices behaving less predictably. In 2011-2012, the price of wheat has increased, while maize has decreased and rice has demonstrated mixed patterns. The organization warns that without an “unambiguous prioritization of food security in the global policy agenda,” the trend of high prices will continue to consolidate. The report warns against complacency in the face of high and volatile food prices, and advocates for more resources, better data and sound policy decisions in the fight against food insecurity. To read more, visit the report’s homepage.
Food Price Watch report finds consolidation of trend toward higher food prices
World Bank warns against complacency
November 30, 2012