News / Economy

FAO Calls Meeting to Discuss Rising Food Prices

The U.N. Food and Agriculture Organization has called a special meeting on food prices to be held later this month in Rome. The inter-governmental committee on grains will meet to discuss the current situation and whether any action needs to be taken.

The FAO's intergovernmental committee on grains normally meets every two years but a special meeting has been called to discuss high food prices around the globe. The U.N. food agency announced the meeting will take place on September 24 at FAO headquarters in Rome.

FAO senior economist and secretary of the inter-governmental committee on grains, Abdolreza Abbassian, stressed the meeting was not called because there is a food crisis. He says they decided to meet so that member nations could get together to discuss the issues that are driving the market, how the food prices situation is evolving and how the the impact of surge in prices is likely to play out.

"Prices are high. We were expecting them to come down by now and they have not. The chances of them to go back to 2007 it's very, very unlikely but the chances for them to remain at these high levels, and not only, at these unstably high levels are there," he said.

Russian Prime Minister Vladimir Putin announced Thursday that Russia's ban on wheat exports would be extended until next year's harvest to ensure it has bounced back from the drought and wildfires that destroyed 20 percent of the crop this year.

The Russian ban has been held as partly responsible for the five percent increase in food prices worldwide over the last two months.

Some FAO member countries have expressed concern about a possible repeat of the 2008 food crisis. But agency officials have stressed that the conditions are different from two years ago, when high oil prices and growing demand for bio-fuels pushed world food stocks to their lowest levels since 1982.

A food price rise triggered deadly riots in Mozambique this week. There has also been anger over rising prices in Egypt and Serbia, while in Pakistan - where floods destroyed a fifth of the country's crops - the prices of many food items have risen 15 percent.

You May Like

Video China Investigates Powerful Former Security Chief

Analysts say move by President Xi is an effort to win more party support, take step toward economic reforms, removing those who would stand in way of change More

South Africa Land Reforms Still Contentious 20 Years Later

Activists argue that the pace of land reform is slow and biased; legal experts question how some proposed reforms would be implemented More

In Vietnam, Religious Freedoms Violated, UN Finds

Beliefs reportedly prompt heavy surveillance, intimidation and travel restrictions More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Gazans in Shelled School Sought Shelteri
X
Scott Bobb
July 30, 2014 8:16 PM
Israel's air and ground assault against Hamas-led fighters in Gaza has forced many Palestinians to flee their homes, seeking safety. But safe places are hard to find, as VOA’s Scott Bobb reports from Jabaliya.
Video

Video Gazans in Shelled School Sought Shelter

Israel's air and ground assault against Hamas-led fighters in Gaza has forced many Palestinians to flee their homes, seeking safety. But safe places are hard to find, as VOA’s Scott Bobb reports from Jabaliya.
Video

Video Rapid Spread of Ebola in West Africa Prompts Global Alert

Across West Africa, health officials are struggling to keep up with what the World Health Organization describes as the worst ebola outbreak on record. The virus has killed hundreds of people this year. U.S. President Barack Obama and other world leaders are watching the developments closely as they weigh what actions, if any, are needed to help contain the disease.
Video

Video Michelle Obama: Young Africans Need to Embrace Women's Rights

U.S. first lady Michelle Obama urged some of Africa's best and brightest to advocate for women's rights in their home countries. As VOA's Pam Dockins explains, Obama spoke to some 500 participants of the Young African Leaders Initiative, a six-week U.S.-based training and development program.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.
Video

Video Study: Latino Students Most Segregated in California

Even though legal school segregation ended in the United States 60 years ago, one study finds segregation still occurs in the U.S. based on income and race. The University of California Los Angeles Civil Rights Project finds that students in California are more segregated by race than ever before, especially Latinos. Elizabeth Lee reports for VOA from Los Angeles.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video A Summer Camp for All the World

VIDEO: During workshops and social gatherings, the Global Youth Village summer camp encourages young people to cooperate and embrace their differences, while learning to communicate with people from other countries. VOA's Deborah Block has more.
Video

Video From Cantankerous Warlock to Incorruptible Priest, 'Harry Potter' Actor Embraces Diverse Roles

He’s perhaps best known as Mad Eye Moody, the whimsical wizard in the Harry Potter franchise. But character actor Brendan Gleeson's resume includes dozens of films, and he embraces all the characters he inhabits with equal passion. In an interview with VOA’s Penelope Poulou, Gleeson discussed his new drama "Calvary" and his secret to success.

AppleAndroid

World Currencies

EUR
USD
0.7305
JPY
USD
101.53
GBP
USD
0.5830
CAD
USD
1.0656
INR
USD
60.075

Rates may not be current.