into News & Prophecy
Update on Food Prices Rising
Today's Wall Street Journal reports:
"Urgent action is needed to ensure rising world food prices don't turn into a catastrophe, the United Nations said Tuesday, but it cautioned that panic buying and export restrictions aren't the solution. ...
"Last week, the World Bank said world food prices jumped 10% in July. ...
"Now food prices are expected to remain elevated for the foreseeable future 'as a consequence of increasing supply uncertainties,' the World Bank said. ...
"Rising food prices were cited for helping to spark unrest that saw the leaders of Tunisia, Egypt and Libya fall" ("U.N. Calls for Measures to Avert a Food Crisis," Sept. 5, 2012).
See more in our article "Food Prices Rising Around the World."
