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World Bank Warning On The Impact Of Rising Food Prices

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Published on May 15, 2008

World Bank President Robert Zoellick warns of the threat posed by rising food prices world-wide.

Zoellick he stressed that food prices would be at the top of the agenda, and that the international community must make agriculture a priority.

Brandishing a sack of rice to make his point, World Bank president Robert Zoellick told reporters in Washington that rice prices have jumped 75% globally...and that's in the last two months.

In Bangladesh, a 2 kilogram bag of rice now costs half of a family's daily income. The price of rice is likely to rise again.

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