Economics
Ex-UN Food Chief Urges Calm as Food Prices Jump Most on Record
- Food stockpiles bigger than 2008 crisis, former official says
- ‘No reason’ for spike in prices, Graziano da Silva says
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Global food prices have surpassed those of the 2008 crisis even though stockpiles are higher, underscoring the need for calm and market transparency as Russia’s invasion of Ukraine roils supply chains, the former head of the United Nations’ Food & Agriculture Organization told Bloomberg Television.
Jose Graziano da Silva says the 2008-11 crisis was the worst he ever saw and the world is in a “much more comfortable position” now on food inventories.