Q&A: Global Food Prices - Nov 2011
Tuesday, November 8th, 15:00 GMT (10:00 am ET)
Global food prices remain high and volatile, hitting the poorest countries hardest and adding to the strains facing the global economy, according to the World Bank Group’s new Food Price Watch released ahead of the G-20 Summit in Cannes, France.
The Bank’s food price index remains 19 percent above its September 2010 levels and recent floods in Thailand−the worst in 50 years−may add uncertainty in the short run following estimated production losses of between 16 to 24 percent of total production. In the meantime, the food crisis in the Horn of Africa continues, affecting over 13.3 million people in the region–an additional million since August, and the outlook remains frightening.
José Cuesta, a senior economist at the World Bank and author of the Food Price Watch report, discussed the state of world food prices in a live, online chat. Replay the discussion below.
¿Habla español? Join José Cuesta for a Q&A in Spanish on Wednesday, November 9th.