Food price "catastrophe" feared on eve of summit »

Posted By DiffeeOnline 1 year, 1 month ago in Style

Soaring food prices could trigger a global catastrophe and the world's poor need action, not words, from this week's U.N. food security summit, human rights activists and the World Bank said on Monday.

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    tchef1 year, 1 month ago

    I really think that we are facing a growing problem here. Every year we develop more of our farmland as the population of this planet continues to increase. How long before we have more people than we can feed?

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    gamahuche1 year, 1 month ago

    FTA

    Hunger campaigners have targeted the recent rise in bio-fuels -- usually the conversion of food crops into energy -- as one of the main culprits for the price rise and say the summit should declare a ban on arable land being switched to biofuel production.

    "To continue the pursuit of biofuels in the face of the credible, impartial and growing opinion that this is exacerbating the food crisis is morally outrageous and utterly indefensible," said Rob Bailey, of hunger campaigners Oxfam.

    Under U.S. plans, about a quarter of the U.S. corn crop will be channeled into ethanol production by 2022 as an alternative to crude oil.

    U.S. Agriculture Secretary Ed Schafer played down the impact of biofuels on food pricing, saying they only contributed 2-3 percent of overall price rise. Oxfam says the real figure is closer to 30 percent.

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    gamahuche1 year, 1 month ago

    I've been watching for the last 10 years more and more hillsides in my homeland turning a very ugly shade of yellow. For a long time I didn't know what it was but of course its that very appropriately named rape - destined for fuel production.

    What is really egregious about this story is that there is nothing that couldn't be - and wasn't - predicted a long time ago.

    But as usual money talks and landowners are willing to sell to the highest bidder without even worrying about what a diet of rapeseed will be like when that's all that's left to eat.

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    Norma1561 year, 1 month ago

    Although there is disagreement about the real size of the ethanol mandate's contribution to increased food prices, there's no doubt it's a significant contributor. Also, increased energy prices play a significant role.

    Let's get real about the "energy crisis." Fully eighty five percent of reserves in this country are off limits to the oil companies. Are we nuts?

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    kikyqi1 year, 1 month ago

    This topic is discussing very hot at JSeniorMatch. c om. Some 30 40 mature babies like going there for discussing.

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      thoughtforsale1 year, 1 month ago

      The problem of growing food prices can only be solved together. Those who suffer most from it, should be heard, too.

      We must achieve to end up with this paradoxal situation that those who earn the most, spent the smallest amount of their income for food, while the poorest cannot even fullfill their basic needs with everything they earn and own. Will the summit of Rome, once again, only be a comfortable round-table-debate, where everyone tries to look the most touched and engaged? How often will we hear the most popular phrase of politicians talk: "Something would have to be done."? Let us see, if deeds will follow!

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        joeblowe1 year, 1 month ago

        As for the higher food prices, the obvious answer to that problem is: higher wages. Then we can afford the food. And maybe some gas. The enormous drain of money going to pay for oil imports (and that's true of EVERY oil importing country, not just the U.S.) is what's driving this situation. Is black, yucky, liquid hydrocarbon REALLY worth $135/bbl? Apparently the commodities traders think it WILL be soon enough. Why? Because there hasn't been enough money put into alternate energy sources quickly enough. We should have several dozen more nuclear plants MORE than we have now. My God, even the FRENCH generate 80% of their electricity with nuclear plants. Are we more afraid of atomic energy than the FRENCH? I mean seriously!

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        SeGama1 year, 1 month ago

        yes, people need help to overcome the crisis, but remember also that regimes in many underdeveloped countries are corrupt. they hamper efforts for easing the pain

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        simonsez1 year, 1 month ago

        Taking acreage out of food to grow fuel is the absurdity of the planet at the moment.

        The planet prepared our fuel over billions of years. All organisms contributed to it in a manner that allows the modern acreage to be used for vegetation and food production. It even stores it deep in the ground for us.

        An unbelievable gift to mankind.

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          newbie04201 year, 1 month ago

          "the world's poor need action, not words, from this week's U.N. food security summit"

          I have a feeling this isn't good for the world's poor, words is all the U.N. is usually good for....

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          Cityslicker1 year, 1 month ago

          Here is a thought , lower the price of Oil and Food prices might just go down as well , all except Corn , Environmentalist need Corn as a hedge against Oil .

          Weren't for Ethanol the , "Environmentalist Cash Crop" , we would have reasonable priced Corn Products .

          Thought they used GM (genetically modified) Corn for that anyways , not fit for human consumption !

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            hyperbola1 year, 1 month ago

            The source of 50 % increases in food prices in the past 1-2 years has exactly the same source as skyrocketing gas prices - speculation by corrupt financial companies aided and abetted by corrupt government.

            The Great Oil Swindle

            How much did the Fed really know?

            The Commodity Futures and Trading Commission (CFTC) is investigating trading in oil futures to determine whether the surge in prices to record levels is the result of manipulation or fraud. They might want to take a look at wheat, rice and corn futures while they're at it. The whole thing is a hoax cooked up by the investment banks and hedge funds who are trying to dig their way out of the trillion dollar mortgage-backed securities (MBS) mess that they created by turning garbage loans into securities. That scam blew up in their face last August and left them scrounging for handouts from the Federal Reserve.

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            talkgoldcom1 year, 1 month ago

            This is just the business cycle. Prices will drop once the US and Global economies recover in my opinion.

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              YankeeBiotch1 year, 1 month ago

              The only way we can stop this is if we switch to the "FOOD STANDARD!" I mean it, I know it sounds funny but it is more valuable than GOLD!!

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