World Bank’s Zoellick speaks on rising global food prices

Katherine Visconti
The World Bank says global food prices have shot up roughly 18-20% as the global economy slowed down.

 

MANILA, Philippines – The World Bank says global food prices have shot up roughly 18-20% as the global economy slowed down.

In a press conference on Oct 27, 2011, the second day of his Manila visit, World Bank president Robert B. Zoellick stressed that that was not the case for all grains.

He talked about the floods in Thailand, a major rice producer, and where the Philippines stands in terms of the vital grain.