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OECD fears for world food prices

Wednesday, August 15, 2012 - 02:07

Aug. 15 - OECD Secretary General Angel Gurria says the ongoing drought in the U.S. which has hit corn and soy growers is putting pressure on producers to increase world food prices. However, he also says says it is important not to overreact. Rough Cut (no reporter narration).

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(ROUGHT CUT - NO REPORTER NARRATION) Guerria says the situation has not reached crisis point yet and overall supplies of crops are steady but a decision on whether it is necessary to call a meeting of Agricultural ministers would be made at the end of the month.

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OECD fears for world food prices

Wednesday, August 15, 2012 - 02:07