WORLD FAMINE: WORLD BANK, HIGH PRICES FOR YEARS

(AGI) - Singapore, May 20 - Food prices will stay high for years according to the general director of the World Bank, Juan Jose Daboub, who said however that no interventions in the market are needed since they are working normally.

"It isn't a matter of a few weeks, or months. It could take two or three years" he said. Daboub reminded that 100 million people have been reduced to poverty in the past two years due to rising food prices. He added that the fact that prices doubling in three years means a setback of seven years in the fight against poverty.