Advertisement

Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
Advertisement
  Discuss this Article   |      Email this Article   |      Print this Article

Global food aid deliveries decline to their lowest levels
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
Advertisement
June 11, 2008 11:28 IST
Last Updated: June 11, 2008 11:38 IST

Global food aid deliveries have sunk to their lowest levels in nearly five decades with deliveries of wheat and maize facing the sharpest drops with sharp rise in food price around the world, the United Nations said on Wednesday.

In a new report on Food Aid Flows, the World Food Programme says that food aid deliveries declined by 15 per cent in 2007, dropping to 5.9 million tons  the lowest level since record keeping began in 1961.

Wheat prices increased by 122 per cent and maize prices by 86 per cent between the years 2000 and 2007, according to the report, meaning that aid agencies had to reduce purchases of these commodities.

The WFP said there was an urgent need to reverse this trend and that immediate action was needed to tackle the negative effects of higher food prices on hunger and malnutrition across the world.

"As a result of higher food prices, vulnerable populations, including children and women in rural and urban areas, are eating less, and eating less well," the report says.

"They are also reducing expenditures on education and health, and possibly selling productive assets to cope with  the higher food prices. These consequences are long lasting, sometimes covering a life time."

The report  which covers the flow of all international food aid, not just that moved by WFP  also found that as food prices increased on international markets, donor governments sought to purchase more food in developing countries.

The amount of food purchased in the developing world grew to 39 per cent of the overall total in 2007  a record high that provided an important stimulus to agricultural markets in the developing world, and in an increase in incomes for small farmers.

Earlier this year, WFP faced a shortfall in its budget of $755 million caused by food price rises. The funding gap was only covered after extra donations from more than 30 countries.


© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2008 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback