Food prices to stay high for years: WB

Reuters
Posted: Tuesday, May 20, 2008 at 0958 hrs IST
Updated: Tuesday, May 20, 2008 at 0958 hrs IST

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Food prices threaten Asian economy: ADB Era of cheap food is over: World Bank

Singapore, May 20: : The World Bank warned on Tuesday that is expects the cost of staple foods such as rice to stay high for a number of years.

World Bank Managing Director Juan Jose Daboub told reporters that the recent spike in food prices was not a short-term, temporary phenomenon that would go away within months.

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