Rush in food prices reserves are low – World Bank warning

Global food prices in July this year, significantly exceeded the year-ago levels: overall growth was 33 percent. In addition, the level of reserves is very low – states the Food Price Monitoring of the World Bank.

The quarter-yearly publication also points out that prices are close again to the 2008 record level, moreover very volatile (especially for sugar, rice and petroleum products prices), which may increase food product prices to unpredictable heights in the forthcoming months – reports Világgazdaság Online.