Economy - Voice of America: World Bank: Droughts Pushing Food Prices Sharply Higher

Economy - Voice of America economy-and-business

World Bank: Droughts Pushing Food Prices Sharply Higher Aug 31st 2012, 13:47 The World Bank says droughts in the United States and Eastern Europe are pushing global food prices sharply higher. The international lending agency says that prices surged 10 percent in July, with the cost of vital corn and soybean crops reaching all-time highs. Soaring summertime temperatures in the U.S. and Eastern Europe have left many farmlands scorched and plants withered. Overall, the World Bank said its Food Price Index that tracks internationally traded food commodities was 6 ... Media files: FE12C177-6324-4CEB-ABC5-BD961343985C_cx0_cy3_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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