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10 Aug 2012 description

NTS VIEWPOINT

US drought another wake-up call for global resolve on food price stability

The US is currently experiencing its worst drought in half a century. The resulting crop destruction has raised fears of yet another rise in global food prices, what would be the third in five years. This raises larger questions of how to tackle rising instances of food supply shocks. It also underlines the clear need for food price stability to be moved up the global food-security agenda.