The World Bank is warning that the current warm weather around the world could push up global food prices in coming months.
The warning came even as the World Bank said bumper crops for certain agricultural produce and cheap oil drove global food prices to a five-year low at the end of May. But it said the El Nino phenomenon, rising oil prices and a stronger U.S. dollar were threatening global food prices.
The world has already seen an 18 per cent decline in the price of wheat over the eight months to the end of May.
The price of rice fell 14 per cent in the same period, while corn price declined by six per cent.
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