World Bank issues hunger warning after droughts in US and Europe

Posted by Guardian: Larry Elliott on August 30th, 2012
Guardian: The World Bank issued a global hunger warning last night after severe droughts in the US and eastern Europe sent food prices to a record high. Damage to crop harvests from exceptionally dry weather this year raised sharply the Bank's food price index taking it above its peak in early 2011. The Washington-based bank blamed the drought in the US for the 25% price rise of maize and 17% price rise in soya beans last month, adding that a dry summer in Russia, the Ukraine and Kazakhstan lay behind......

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