Opening Statement to the Executive Board; Rome, Italy (08/11/10)

"...FAO last week announced that its Food Price Index in October hit the highest level in 27 months and prices are just a few points away from the record highs of 2008, with increases in global cereal, sugar and soybean prices. There is consensus that volatility and therefore continued vulnerability are now the norm in global food supply. Each and every one of us in this room play a vital role in ensuring all people have access to adequate nutritious food. This is a sacred trust that the world has placed in us.

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