Ready to Face the World Bank Food Price Volatility
The World Bank says ready to face volatility alias sudden change in food prices associated drought that hit the United States. Parties to the World Bank noted that in Washington.
According to the World Bank's food price nonberas is somewhat uphill. Price of wheat, for example, up 50 percent since mid-June.
Then, the price of corn rose more than 45 percent since mid-June as well. Meanwhile, since the beginning of June, the price of soybeans rose 30 percent.
World Bank President Jim Yong Kim said rising food prices affect families. According to him, there are families who are forced to dismiss a child from school. "Basically, the increase in food prices affect her social life," said Kim as news Xinhua.
Departing from there, said Jim Yong Kim, the World Bank together with its partners it constantly monitors the condition of volatility. "That way, the World Bank can help many governments to create policies that help people a lot," said Jim Yong Kim.
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