Japan and EU concerned by food prices

Reading time 2 min.
Flag of Japan
Flag of Japan

Yesterday at the end of the Japan EU summit in Tokyo both parties showed their concern for the food crisis that has resulted in prices increasing worldwide: “Summit leaders noted the trends of high prices of natural resources and commodities, in particular, prices of food and oil, which could slow down the growth in global economy and have negative effects on developed and developing countries, with strong concern”. The World Food Program this week increased its estimate of the money it needs to cover price rises from $500 billion to $750 billion.(Reuters)

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