Kenya's president is calling for urgent and decisive action to combat rising food prices.
Kibaki told ministers at a regional meeting of the United Nations Food
and Agriculture Organization Thursday the world's poor are hurting the
most and that a solution "must be found now."
He also said any regional solution must include increasing trade between African countries.
Agriculture Minister William Ruto also spoke at the meeting in Nairobi
and called on African nations to increase investment in farming to ease
their dependence on imports.
Meanwhile, Mexico's government is taking on soaring food prices with a series of voluntary prices controls.
Felipe Calderon says prices for staples, like tortillas, beans, coffee
and hundreds of other items, will hold steady for the rest of the year
following an agreement with the country's food manufacturers.
Inflation in Mexico has accelerated at its fastest pace in three years.
Last month Mexico announced a temporary suspension of tariffs on some imported food products.
today, corn prices fell for the first time in two weeks in trading on
the Chicago Board of Trade, on speculation near record prices were
hurting demand. The U.S. Department of Agriculture (USDA) says corn
sales fell 35 percent for the week ending June 12.
Nations says it will take $15 billion to $20 billion each year to stem
the tide of soaring food prices that increased global hunger and
poverty and sparked rioting in some countries.
Delegates at an
emergency food summit in Rome earlier this month approved a declaration
vowing to work together to ease the suffering caused by the global rise
in food prices.
Some information for this report was provided by AFP, AP and Reuters.