Global food prices hit a new high in January and are expected to worsen after a massive snowstorm in the United States and floods in Australia. The price of wheat, corn and soybean are all near record highs. Abdolereza Abbassian is with the U.N. Food and Agriculture Organization.

Abdolereza Abbassian: “The issue that concerns us is the duration of this price increase, which started so many months ago, is not really giving us any indications that it is going to change dramatically in the future coming months, is long. And this long duration is something I think eventually will bring more food inflation in many countries.”