New UN food chief sees high food prices lasting years
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.
"This is not a temporary imbalance...Until we do not reach a more stable financial situation worldwide, commodities prices will reflect that," Director-General Elect Jose Graziano da Silva told a news conference.
He said he wanted the United Nations Food and Agriculture Organisation (FAO) to be more involved in helping importing countries handle food price volatility.
[Source: Reuters, Rome, 27Jun11]
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