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Action needed to prevent food price catastrophe: UN

ROME (Reuters) - World leaders must take swift, coordinated action to ensure that food price shocks do not turn into a catastrophe that could hurt tens of millions of people in coming months, the United Nations' food agencies said in a statement on Tuesday.

ROME (Reuters) - World leaders must take swift, coordinated action to ensure that food price shocks do not turn into a catastrophe that could hurt tens of millions of people in coming months, the United Nations' food agencies said in a statement on Tuesday.

Global alarm over the potential for a food crisis of the kind seen in 2007/08 has escalated as drought in the U.S. Midwest has sent grain prices to record highs, fuelling a 6 percent surge in the U.N. Food and Agriculture Organisation's (FAO) July food price index.

FAO said in a joint statement with the World Food Programme (WFP) and the International Fund for Agricultural Development (IFAD) that swift international action could prevent a renewed food crisis.

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