U.N.: Expect Food Price Inflation
BBC
March 6, 2008
The head of the UN World Food Programme has warned that the rise in basic food costs could continue until 2010.
Josette Sheeran blamed soaring energy and grain prices, the effects of climate change and demand for biofuels.
Miss Sheeran has already warned that the WFP is considering plans to ration food aid due to a shortage of funds.
Some food prices rose 40% last year, and the WFP fears the world’s poorest will buy less food, less nutritious food or be forced to rely on aid.
Speaking after briefing the European Parliament, Miss Sheeran said the agency needed an extra $375m (244m euros; £187m) for food projects this year and $125m (81m euros; £93m) to transport it.
She said she saw no quick solution to high food and fuel costs.
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