Rome: The newly elected chief of the United Nations food agency said on Monday he expected high food prices to last several years and cause problems for importing countries.
"High prices will remain not only a few years. This is not only a temporary imbalance," Director-General Elect Jose Graziano da Silva told a news conference.
"This is related to financial markets and until we reach a more stable financial situation worldwide, commodities prices will reflect that," he said .
Poor nations which need to import food will be hit hardest, and he said he wanted the United Nations Food and Agriculture Organisation (FAO) to be more involved in helping them....more
06:17 PM, Jun 27, 2011