Robert Zoellick, World Bank president said, after a joint meeting held on 14 April with U.S. treasury secretary, Timothy Geithner and IMF Managing Director Dominique Strauss-Kahn, the world is a happened to live a new food crisis, as prices are close to 2008 levels. Remember that three years ago there was a notable increase in the cost of food that sparked riots in many developing countries.
"The world's poor can not wait. About 1,000 million people are undernourished in the world. The time is not on our side," he said Zoellick to move the discussion to all developed countries.
The price index for food World Bank, has risen by 36% from a year ago and is nearing the record of 2008, before the crisis, Zoellick explained when presenting the report. According to Bank estimates, corn has risen 74% in annual terms, wheat 69%, soya 36% and 21% sugar. The increase occurred mainly by a combination of factors: first, that the reserves of raw materials continue to fall, and second meteorological problems of low rainfall they are producing changes in demand. In addition, some experts quote to biofuels such as ethanol, derived from sugar cane or corn, to cause the fluctuations in the prices of some commodities.
