Global Food Prices Remain High, Says World Bank
May 21, 2020
11:08 am
The World Bank has stated that global prices of food remained high, even though its Food Price Index maintained the same rates between July and September 2011.
The World Bank, in its recently released Global Food Price Index (GFPI) indicated that despite dipping marginally in September 2011 by one percent and settling at five percent below its February 2011 peak, the food price index is still 19 percent above its September 2010 levels.
Also, the bank stressed that global price trends differ by commodity adding that over the last quarter an increase of three percent in the price of cereal
