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World Bank head says food export bans worsening food price problem
The World Bank has urged countries not to ban exports of food amid the problem of rising food prices, World Bank President Robert Zoellick said on Tuesday.
- Agencies
- Published: 12:22 April 29, 2008
Berne: The World Bank has urged countries not to ban exports of food amid the problem of rising food prices, World Bank President Robert Zoellick said on Tuesday.
"We are urging countries not to use export bans. These controls encourage hoarding, drive up prices and hurt the poorest people around the world who are struggling to feed themselves," Zoellick said in a statement.
"The next few weeks are critical for addressing the food crisis," he said after a meeting of UN agency heads to tackle the food price crisis.
Zoellick said he believed rice and corn prices would remain high, and wheat relatively high.
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