Asia - Voice of America: UN Alarmed Over Sharp Rise in Grain Prices

Asia - Voice of America asia

UN Alarmed Over Sharp Rise in Grain Prices Jul 21st 2012, 12:53 A 20-percent spike in maize and wheat prices in just the past three weeks is raising concerns with the United Nations Food and Agriculture Organization (FAO). FAO economist Shukri Ahmed said the increase in price was sharp and sudden. He said that until May, experts were hoping for a huge increase in worldwide maize production. The FAO Global Information and Early Warning System issued a bulletin Friday saying that drought in the United States is helping push up prices, while hot, dry ... Media files: 31A3ACB3-8CE4-4BB3-B1C7-1ECB05A1B9A5_cx0_cy10_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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