2011/1/11

G20 started the Battle of the global price of rice in food prices, or the first cooling

Has represented South Korea to attend G20 meeting, said Li Chang-yong 7, G20 members of the working group is to discuss the unit aims to enhance global cooperation in the field of food security. He said, "France is emphasis on food security, and as the host country before the G20 summit, we are willing to solve the problem of price volatility."

French President Nicolas Sarkozy has asked the World Bank on the impact of food price emergency investigation. Thailand's largest rice exporter vowed to keep exports stable, to avoid the repeat of the 2008 food crisis.

World Food Programme (WFP) last week announced in December last year, a record high global food prices, and that the main food prices may continue to rise.

Analysts believe that if consumers in Asia and other emerging markets, more money spent on food, then the other will reduce the purchasing power of this great hopes for the developing economies, consumption in the recovery of the global economy words, not good news.