WRAPUP 2-World central bankers voice food inflation fear

(Adds comments from Germany's Weber in paragraphs 11 and 12)

By Brian Love and Swaha Pattanaik

PARIS, March 7 (Reuters) - Central bankers from the world's industrialised and developing regions voiced concern on Friday over surging food and energy prices, their latest big challenge as globalisation unsettles the balance of supply and demand.

At a Paris conference, central bankers from rising economic powers such as China and India as well as the advanced economies of Europe and North America highlighted the risks of renewed inflation after a decade of moderation. "The current surge in commodity prices, including food more recently, which is resulting in particular from supply being unable to match higher demand from emerging markets, reminds us globalisation can also lead to upside risks in world inflation," said European Central Bank President Jean-Claude Trichet.

Indian central bank chief Yaga Venugopal Reddy said monetary policymakers faced multiple challenges at once, from the turmoil in financial markets, exchange rate shifts and "unprecedented inflationary pressures due to food and energy prices".

As rising prosperity in China increases its citizens' taste for meat and milk, world production is straining to meet demand, and the central bankers acknowledged it was hard to measure just how big the inflationary threat was.

TOUGH TIMES AHEAD

There were as many questions as answers from central bankers and other finance officials said life was hard for monetary policymakers everywhere due to major shifts in the economic balance as the U.S. powerhouse slows, and others too, while the emerging world continues to develop strongly.