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Edition: U.S. Article Comments (1) Full Focus Photos of the week A selection of our top photos from the past week. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Bin Laden's widow says they lived in Pakistani house for 5 years 8:04am EDT Al Qaeda confirms bin Laden is dead and vows revenge | 11:17am EDT UPDATE 1-Biden sees up to 200,000 new U.S. jobs next month 23 Apr 2010 Photos show three dead men at bin Laden raid house 12:02am EDT Frontline Taliban promise revenge attacks after bin Laden 6:22am EDT Discussed 168 Obama to make statement late Sunday, White House says 141 Concerns raised over shooting of unarmed bin Laden, burial 122 Donald Trump calls U.S. leaders ”stupid” Watched Legendary founder of Seal Team Six speaks Thu, May 5 2011 Video of bin Laden compound fire Mon, May 2 2011 Bin Laden unarmed when killed - White House Tue, May 3 2011 Clinton says action needed to blunt food price rises Tweet Share this By Arshad Mohammed ROME (Reuters) - The world has to take swift action to arrest steadily rising food prices and step up its commitment to sustainable agriculture, Secretary of State Hillary Clinton said Friday. "We must act now, effectively and... Email Print Related News Anti-Gaddafi allies offer rebels cash lifeline Thu, May 5 2011 Libya coalition tries to help rebels raise funds Wed, May 4 2011 Fed's Williams: U.S. not facing runaway inflation Wed, May 4 2011 UPDATE 2-Algeria govt approves big rise in public spending Mon, May 2 2011 REFILE-UPDATE 3-Food prices lift Yara earnings, costs rise Fri, Apr 29 2011 Analysis & Opinion Deals wrap: Glencore IPO draws key investors The dilemma between pay rise and inflation Related Topics World » United Nations » Secretary of State Hillary Clinton listens to a translation during a news conference with Italy's Foreign Minister Franco Frattini (not pictured) at the Ministry of Foreign Affairs in Rome May 5, 2011. . Credit: Reuters/Jacquelyn Martin/Pool By Arshad Mohammed ROME | Fri May 6, 2011 8:06am EDT ROME (Reuters) - The world has to take swift action to arrest steadily rising food prices and step up its commitment to sustainable agriculture, Secretary of State Hillary Clinton said Friday. "We must act now, effectively and cooperatively to blunt the negative effect of rising food prices," she said in a speech to the United Nations food agency in Rome. Rising food prices have become highly sensitive around the world after fuelling protests that toppled the rulers of Tunisia and Egypt earlier this year, with unrest spreading across North Africa and the Middle East. The U.N.'s Food and Agriculture Organization said on Thursday that world food prices rose slightly in April, boosted by concern about the U.S. grains crop, but they were still off record highs reached in February. FAO Director General Jacques Diouf told Reuters Insider on Tuesday a weak trend in world food prices had already begun to reverse and prices were set to rise again as concerns persist over Chinese and U.S. winter crops. Friday agricultural commodities remained under pressure on mounting economic concerns, with U.S. corn futures down more than 2 percent to their lowest in over a month. But traders said corn's background factors remained bullish on tight old-crop supplies and delays in spring planting. "The fundamentals around grains and oilseeds complex haven't changed, it's very bullish for corn in the near term," said Adam Davis, senior grains trader at Merrick Capital in Melbourne which invests in agricultural commodities. DEEPER COMMITMENT Clinton said the world community needed to deepen its commitment to sustainable farming and food security, and said the United States was working with international food agencies to encourage more effective policies. "That sounder approach includes improving and sharing information about food production and stocks, abstaining from export bans no matter how attractive they may appear to be, using export quotas and taxes sparingly, if at all." Discouraging panic buying and hoarding, and providing assistance when urgently needed were also important, she said. Clinton said she was aware that some countries -- including the United States -- may find such policies difficult to carry out given political and budgetary constraints, but she said "we need to do all we can together to find the best ways for markets to work more efficiently and deliver results." She added food security was a foreign policy priority for Washington. It is unclear, however, if the United States will ultimately be able to put its money where its mouth is given the huge budget deficits and the pressure to cut government spending, especially for foreign aid. At the July 2009 G8 summit in L'Aquila, Italy, Washington pledged $3.5 billion over three years to improve food security. However, it is not certain that the Obama administration will get the money from the Congress. A U.S. official said the government had requested $1.8 billion for its "Feed the Future" global hunger and food security initiative for the current fiscal year which ends on September 30 but did not know if it would get those funds. (Writing by Catherine Hornby, editing by Keiron Henderson) World United Nations Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (1) egreshko wrote: I wonder if part of the increase in food prices isn’t related to the cultivation of crops for bio-fuels. May 06, 2011 6:08am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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