UN EXPERTS WARN THAT WORLD FOOD CRISIS CONTINUES, DESPITE RECESSION
December 1st, 2008
BY KEITH NUTHALL
UNITED Nations experts have said the global food price crisis continues, despite the global recession and linked oil price falls. Economists from the UN Food and Agriculture Organisation (FAO) told a World Trade Organisation agriculture committee meeting its global food price index is still 51% higher than in September 2006, albeit at its lowest for nine months. So, many (especially developing) countries face food import bills more than double (125% higher) than five years ago. And prices are likely to remain high, warned the FAO. Some of these ...
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