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Rise in Global Food Prices: World Food Program Issues 'Emergency Appeal' For Funds

ROME - With food and fuel prices soaring, the United Nations agency charged with feeding the world's hungry has launched an "extraordinary emergency appeal" to cover costs and avoid having to cut aid, a senior official said Monday.0325 01 1

The World Food Program called on donor nations for urgent help in closing a funding gap of more than $500 million by May 1. If money doesn't arrive by then, Executive Director Josette Sheeran said in a letter to donors, the WFP may be forced to cut food rations "for those who rely on the world to stand by them during times of abject need."

The poorest face hunger as people around the world are being "priced out of the food market," Sheeran told reporters Monday in a conference call.

Citing food prices that had ballooned 55% since June, the WFP disclosed a $500-million shortfall Feb. 25, and the gap has continued to grow ever since, Sheeran said.

WFP officials declined to put a figure on the current shortfall, saying it was a moving target, but experts estimated it in the range of $650 million...

Full Story: http://www.latimes.com/news/printedition/front/la-fg-food25mar25,1,6674660.story

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