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UN agencies urge quick action to avoid food crises
Source: Agencies |
September 5, 2012, Wednesday
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Print Edition
Print Edition
THE three United Nations food agencies yesterday urged governments to take quick action to curb rising prices of corn, wheat and soybeans and avoid a repeat of the 2007-2008 food crises.
The sharp rise in food prices in recent months threatens to make life even more difficult for tens of millions of people, particularly in poor countries, the heads of the UN World Food Program, Food and Agriculture Organization and International Fund for Agriculture Development warned.
A prolonged drought in the United States - the No. 1 exporter of corn, wheat and soybeans ? has helped drive up commodity prices. The FAO's next global food price index is due tomorrow. Its last report found global prices had risen 6 percent in July after three months of decline, in part because of the US drought and worsened crop prospects for Russia's wheat harvest because of dry weather.
The agencies urged countries to avoid panic buying and refrain from imposing export curbs when production falls, saying that while it may temporarily help consumers at home, it makes life difficult for others. In the past, Russia has imposed export bans to offset low domestic wheat production.
The sharp rise in food prices in recent months threatens to make life even more difficult for tens of millions of people, particularly in poor countries, the heads of the UN World Food Program, Food and Agriculture Organization and International Fund for Agriculture Development warned.
A prolonged drought in the United States - the No. 1 exporter of corn, wheat and soybeans ? has helped drive up commodity prices. The FAO's next global food price index is due tomorrow. Its last report found global prices had risen 6 percent in July after three months of decline, in part because of the US drought and worsened crop prospects for Russia's wheat harvest because of dry weather.
The agencies urged countries to avoid panic buying and refrain from imposing export curbs when production falls, saying that while it may temporarily help consumers at home, it makes life difficult for others. In the past, Russia has imposed export bans to offset low domestic wheat production.
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