Rise in food prices could affect poor countries

In a report by the BBC, global food prices have jumped up ten percent in July.

According to a statement by the World Bank, the rise raises fears of soaring food prices for some of the world’s poorest countries.

The price of corn, wheat and soybean has seen the most dramatic increases. Only prices for rice have decreased from June to July of this year.

The World Bank is blaming a number of reasons mainly droughts for the rise. Corn in the US and wheat crops in Russia, Ukraine and Kazakhstan have been affected by severe drought.

Countries in North and Sub-Saharan Africa and the Middle East are the most vulnerable to rising food prices.

Flickr Photo by: NRCS SD