Tuesday, September 4, 2012

UN Raises Alarm Over Global Food Prices

World leaders must take swift and coordinated action to ensure that food price shocks do not turn into a catastrophe in the coming months, the United Nations has warned.

Global alarm over the potential for a food crisis of the kind seen in 2007/08, when price protests and riots occurred in a number of countries, has escalated in recent weeks.

The fears are prompted by a severe drought in the US Midwest, which has sent grain prices to record highs, fuelling a 6% surge in the UN Food and Agriculture Organisation's (FAO) July food price index.

The FAO said in a joint statement with the World Food Programme and the International Fund for Agricultural Development that swift action could prevent a renewed food crisis.

It said leaders must tackle both the immediate issue of high prices, as well as the long-term issue of how food is produced and consumed at a time of rising population, demand and climate change. Read More