Archive for the ‘corn’ Category

France to double aid for food crisis

April 19, 2008

PARIS (AFP) – France will double its emergency food aid this year, spending 60 million euros (100 million dollars), President Nicolas Sarkozy said Friday, as he warned the world’s food crisis was breeding unrest.
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“We must act urgently to strengthen food security at a time when 37 countries are going through a very serious food crisis,” Sarkozy told a major meeting on climate change in Paris.

A French farmer at work near Gaillargues. France will double ...
A French farmer at work near Gaillargues. France will double its food aid this year, spending 60 million euros (100 million dollars) as part of its response to the world crisis over soaring food prices, President Nicolas Sarkozy has announced.(AFP/File/Dominique Faget)

“We cannot remain indifferent to the unrest among those people who, in the developing countries, can no longer satisfy their hunger.”

Soaring prices for basic grains — rice, wheat, soybean and corn — have provoked protests and rioting in at least half a dozen developing countries in past months, and has toppled the government of one.

Last weekend, Haiti‘s premier Jacques-Edouard Alexis was ousted in a no-confidence vote after more than a week of violent demonstrations….

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http://news.yahoo.com/s/afp/20080418/bs_afp/francepovertyinflationaid_
080418095730

Food Shortages, Global Hunger Pushing Nations

April 19, 2008

By David R. Sands
The Washington Times
April 19, 2008
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China next week is doubling taxes on fertilizer exports to ensure supplies for domestic farmers. Egyptian President Hosni Mubarak ordered the army to start baking bread after deadly riots broke out in lines people waiting for food. Oil-rich Libya is discussing a deal to essentially rent a chunk of land-rich Ukraine on which it can grow its own wheat.
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With food and fuel prices soaring, the world’s haves and have-nots are not waiting for the free market or global institutions such as the World Bank to make sure their people have enough to eat.

A soldier delivers a bag containing food supplies to a man as ...
A soldier delivers a bag containing food supplies to a man as part of a government aid program in a shanty town on the outskirts of Lima early April 16, 2008.(Enrique Castro-Mendivil/Reuters)
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“A lot of countries are in trouble right now,” said Lester Brown, veteran environmentalist and president of the Washington-based Earth Policy Institute. “We’re seeing various efforts made by countries to ensure they have the food inputs they need.”
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Soaring prices for wheat, rice, corn, palm oils and other staples have sparked food riots and reports of hoarding on four continents. Haitian Prime Minister Jacques Edouard Alexis was forced to step down last week because of violence linked to higher food costs, and U.N. and World Bank officials warn that more unrest is likely.
A Somali women carries a sack of food aid on her head to her ...
A Somali women carries a sack of food aid on her head to her makeshift home on the road along the Juba river in southern Somalia near the village of Jamame December 6, 2006. A cholera outbreak in Kenya has killed 67 people so far this year, while a fungus has wiped out up to 20 percent of the country’s annual rice production, United Nations agencies said on Friday.REUTERS/Stephen Morrison/Pool

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http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20080419/FOREIGN/660699805/1001

Forget oil, the new global crisis is food

January 6, 2008

By Alia McMullen
Financial Post (Canada)
January 04, 2008
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A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial Group said at the Empire Club’s 14th annual investment outlook in Toronto on Thursday.
Corn grows in a farm field near Seneca, Illinois. Rising demand for grain to make fuel, food and livestock feed has helped push the prices of corn and soybeans.Scott Olson/Getty ImagesCorn grows in a farm field near Seneca, Illinois. Rising demand for grain to make fuel, food and livestock feed has helped push the prices of corn and soybeans.
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“It’s not a matter of if, but when,” he warned investors. “It’s going to hit this year hard.”

Mr. Coxe said the sharp rise in raw food prices in the past year will intensify in the next few years amid increased demand for meat and dairy products from the growing middle classes of countries such as China and India as well as heavy demand from the biofuels industry…..

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http://www.financialpost.com:80/story.html?id=
213343