date:Jul 26, 2013
ing to the report, partly driven by a revival in demand from U.S. ethanol producers.
While prices have stabilized recently, the volatility of food prices in recent years has prompted developing countries with high poverty and weak safety nets to respond by ratcheting up consumer food subsidies, the poverty-fighting institution said.
The World Bank and the International Monetary Fund have made a big push in the past year to urge countries to scrap subsidies on consumer food to ease pressures on