He noted that the current crisis was triggered by a confluence of factors including increased use of biofuels, surging demand for agri products due to population and economic growth in emerging markets and inadequate supply of cereals -- which is at its lowest levels in three decades. Further aggravating these problems are restrictive protectionist measures taken by some exporting nations, speculation on futures markets and high prices of agricultural inputs, he added.
The first Global Agro-Industries Forum will be organised in New Delhi from 8 to 11 April 2008.
A look at the goods, from wheat to chicken, that are driving a global crisis--and raising food prices in your neighborhood.
The UN food agency has sought a political and financial push to boost sustainable agriculture in poor countries and double global food production, saying that such a move would forge a world of economic and social progress.
More than 850 million hungry people around the globe can enjoy a better life if the world sets aside less than three per cent of what it spends on the purchase of arms every year, for the development of agriculture.Pointing out the stark realities of the wasteful spending, United Nations Food and Agriculture Organisation director general Jacques Diouf on Tuesday appealed to world leaders for US$ 30 billion a year to re-launch agriculture and avert future threats.
The United Nations' Food and Agriculture Organisation on Wednesday said global commodity prices were far from easing in the short term owing to tight supply-demand situation and warned of flare ups over food shortage.The UN FAO director general said the world has 4-5 million tonnes (MT) of cereals stocks that can feed the global population for only 8-12 weeks.
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