You may have noticed your weekly shopping bill slowly creeping up. We should be thankful though that we still have something to buy. In some countries there is a food shortage and they are rioting.
A few articles on the current crisis:
Via the Huffington Post:
Food Riots Skyrocket, World Leaders Have No Solutions
Finance ministers gathered this weekend to grapple with the global financial crisis also struggled with a problem that has plagued the world periodically since before the time of the Pharaohs: food shortages.
Surging commodity prices have pushed up global food prices 83% in the past three years, according to the World Bank — putting huge stress on some of the world’s poorest nations. Even as the ministers met, Haiti’s Prime Minister Jacques Edouard Alexis was resigning after a week in which that tiny country’s capital was racked by rioting over higher prices for staples like rice and beans.
Rioting in response to soaring food prices recently has broken out in Egypt, Cameroon, Ivory Coast, Senegal and Ethiopia. In Pakistan and Thailand, army troops have been deployed to deter food theft from fields and warehouses. World Bank President Robert Zoellick warned in a recent speech that 33 countries are at risk of social upheaval because of rising food prices. Those could include Indonesia, Yemen, Ghana, Uzbekistan and the Philippines. In countries where buying food requires half to three-quarters of a poor person’s income, “there is no margin for survival,” he said.
» Full article
and from the Beeb:
World Bank tackles food emergency
The World Bank has announced emergency measures to tackle rising food prices around the world.
World Bank head Robert Zoellick warned that 100 million people in poor countries could be pushed deeper into poverty by spiralling prices.
The crisis has sparked recent food riots in several countries including Haiti, the Philippines and Egypt.
The World Bank endorsed Mr Zoellick’s “new deal” action plan for a long-term boost to agricultural production.
Emergency help would include an additional $10m (Â£5m) to Haiti, where several people were killed in food riots last week, and a doubling of agricultural loans to African farmers.
Mr Zoellick’s proposals were endorsed by the World Bank’s steering committee of finance and development ministers at a meeting in Washington.
The World Bank and its sister organisation, the IMF, have held a weekend of meetings that addressed rising food and energy prices as well as the credit crisis upsetting global financial markets.
The leader of the International Monetary Fund last week said hundreds of thousands of people were at risk of starvation because of food shortages.
Prices have risen sharply in recent months, driven by increased demand, poor weather in some countries that has ruined crops and reduced production area, thanks to an increase in the use of land to grow crops for transport fuels.
The price of staple crops such as wheat, rice and corn have all risen, leading to an increase in overall food prices of 83% in the last three years, the World Bank has said.
The BBC also has a very in depth section on the subject: Food price crisis