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World Food Prices On The Increase – UNWFP
 


The UN food agency says food prices and supplies around the world are likely to remain high.



The head of the UN's World Food Programme, Josette Sheeran, who gave a projection at the launch of a new report about climate change and hunger, said that prices of 80 per cent of the commodities in the developing world that are tracked by the UN are higher now than a year ago.



Excessive market speculation has been identified as one of the factors that drove food prices to record highs last year.



Estimates indicate that over one billion people around the world are suffering from hunger.



Research has suggested that 24 million more children will be malnourished by the Year 2050.




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