Turkey central banker: global food prices to rise

BUENOS AIRES, Argentina (AP) -- The president of Turkey's Central Bank says he expects food prices to keep climbing for the rest of the year in response to swelling demand from China and India.

Durmus Yilmaz says global food production is increasing, but not quickly enough to meet this demand.

Yilmaz says food price hikes have been especially harsh in Turkey, accounting for 70 percent of all inflation last year, up from just 10 percent the year before. Yilmaz was speaking to economists and bankers in Argentina Monday.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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