Entries For: 02 June 2008

Last grain in the bucket….?

The current food crisis has hit several millions in the world, mainly in developing countries with already weak economies. Currently the crisis is badly affecting 800 million people (over 70% women) that were already affected by chronic hunger. The price of vegetable oils is up 97 percent in the first three months of 2008. The price of wheat is up 87 percent, dairy products by 58 percent, rice by 46 percent. There is a recognised food crisis in at least 45 countries. It is ironic that out of 2.13 bn tonnes of food produced annual only 1.01bn is grown for feeding people. Developing countries could face an increase of 33% in aggregate food import bills this year if trends persist - this is too much too quick. read more...