No Sign of Slow Down: Food Prices Keep Rising


*Also on Thursday, World Bank President Robert Zoellick held a news conference on 'Rising Food Prices,' up an average of 83% worldwide in the three years preceding February, focusing on contributing factors: "You have some of those countries moving to a different diet. So more meats require more grains. You have the biofuels expansion, which is a big source of demand," he said, pointing out that droughts, financial market speculators and increased demand have also helped create "a perfect storm." Complete report here.
Food Crisis in Focus: a special report on the increasing cost of food from the BBC here.
: After protests, Haitian leader announces rice subsidies. Price for a 50-pound bag of rice goes from $51 to $43, a nearly 16 percent reduction. More here.
: Treasury Secretary Henry Paulson warns governments to resist food price controls, which he says will likely make the situation worse. More here.
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