World Bank: global food prices in 2012
The World Bank, in his latest report, Tuesday, to lower food prices in the world, in the fourth quarter of 2011 increased by 8 per cent, with the expectations connects the decline in general in 2012.
The report, published on the official website of the Bank, entitled "Monitoring food prices," that the grounds for the decline in prices is the decline in consumer demand in general, as a result of the stagnation of the global economy, and expected declines in energy prices, crude oil, and expected to increase the supply of food in 2012.
The report stated that "there are still some pressure on prices to rise, and these pressures may increase the demand for biofuels, if oil prices rose again, in addition to climatic fluctuations.
It is noteworthy that the countries in North Africa and the Middle East strive to find ways to mitigate the impact of high food prices on the shoulders of its citizens, after the alarm bells that Qratha protests against dictators from Libya to Yemen.
Where it has sought the Gulf Cooperation Council (GCC), to enhance the exhibits, local food, through purchase or lease land suitable for agriculture in the different number of Asian and African countries and the countries of Latin America, in order to achieve the capacity of two to enhance food productivity and reduce exposure to market failures in addition to the restrictions imposed on of exports.
It is noted that Algeria, Libya and Jordan have resorted to cutting taxes on food and fees on goods imported food, reduce prices of basic foodstuffs, Kuwait has presented recently a generous grant and food free of charge to its citizens to March 2012 to mitigate the volatility of world prices.
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