World Bank report warns of rising food prices 2015 food prices will continue to shock

Released a report on July 30, the rare severe drought and crop conditions in other grain producing areas led the international grain prices, due to low grain stocks, the harvest is good or bad will depend on the global weather conditions , so that the grain easier to produce large fluctuations.

　　31, by the impact of bad USDA crop production report on the state, U.S. corn futures contract intraday to $ 8.19 per bushel, refresh high.

　　The Bank's report of 30 analyzed the situation of rising international food prices and the food crisis of 2008. In 2008, while prices in other varieties of grain, rice and wheat prices rose the most, as farmers seek to profit from price increases in a substantial increase in food supply, resulting in food prices in 2009 a larger down. In 2012, all non-rice class food products, including wheat, corn and soybean prices generally rose.

　　The data show that the wheat price increase since mid-June, more than 50%; corn prices rose more than 45 percent since mid-June; soybean prices rose nearly 30 percent since early June, or nearly 60 percent since the end of last year.

　　The World Bank pointed out that, as of now, the crop forecast has not yet food staples may actually there are shortages. However, the low amount of food stocks , and the harvest is good or bad will depend on global weather conditions , so that the grain is more prone to larger fluctuations.

　　In 2008, rice prices rose by more than tripled, to the poor, especially poor people in Asia has caused tremendous negative impact. Although rice prices remain at high levels, but the existing rice stocks are still relatively reassuring. In addition, crude oil, fertilizers, and international freight prices below the 2008 level, this will help reduce the cost of food imports, but also conducive to the next season crop planting and growth.

　　To maintain its vigilance has been the World Bank in its report: "we can expect at least 2015, food prices will continue to be volatile, or more than average in the poorest countries, two-thirds of the residents' daily income spent on food food prices pose a threat to global growth and social stability. However, food prices could bring much-needed income to poor farmers so that they can invest to increase production, thus the corresponding contribution to make to address global food security. "