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Volume 2008 
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Are We Approaching a Global Food Crisis? |
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Between soaring food prices and food aid shortage |
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By the end of the 1990s, food prices had plummeted to historic lows. But after the turn of the millennium, prices began to increase. And since 2006, food prices have escalated dramatically, raising fears of a global food crisis. The price hike has affected virtually all major commodities. Prices of dairy and many cereals more than doubled in 2007, reaching all-time record highs. This rapid price increase will worsen the already dire situation for the world’s poor and hungry, writes Katarina Wahlberg. |
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Most consumers in rich countries are affected only marginally by higher food prices. But in poor countries, many consumers spend most of their income on food. So, higher prices mean smaller portions, fewer meals and consuming foods with lower nutritional value. To afford essential food needs, many low and middle-income households must also cut spending on education and health ... |
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 Bob Zoellick's Newest Blueprint for the World Bank / 8 March: Smart Women, Right Decisions |
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