Rising food prices pushed tens of millions of people into extreme poverty last year and are reaching "dangerous levels" in some countries, World Bank President Robert Zoellick said Tuesday as he released new data showing that the cost of grain and other staples is near a historic high. The costs of some key commodities such as wheat have doubled in the past year, and a World Bank index of overall food...
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Agitation Challenges Asbestos Import by Ranjit Devraj
Activists hope that a popular agitation against the setting up of a factory to manufacture asbestos products in the eastern Bihar state will result in a nationwide ban on the large-scale import into this country of the deadly mineral fibre. Following six months of agitation against the setting up of the factory in the Chainpur-Bishunpur area of Bihar’s Muzzaffarpur district, state chief minister Nitish Kumar sought to lay blame on the...
More »Galloping Growth, and Hunger in India by Vikas Bajaj
The 50-year-old farmer knew from experience that his onion crop was doomed when torrential rains pounded his fields throughout September, a month when the Indian monsoon normally peters out. For lack of modern agricultural systems in this part of rural India, his land does not have adequate drainage trenches, and he has no safe, dry place to store onions. The farmer, Arun Namder Talele, said he lost 70 percent of...
More »Blame climate change! by TN Ninan
So what caused the French Revolution? Food prices did. A hailstorm destroyed French crops, food prices rose 88 per cent in one year, and hungry Parisians turned on their rulers. Ditto with the Tian-an-men showdown exactly 200 years later, in 1989: consumer prices rose 21 per cent in a country that had known virtually no inflation under Communist rule. The Suharto regime got overthrown in Indonesia in 1998 after food...
More »Droughts, Floods and Food by Paul Krugman
We’re in the midst of a global food crisis — the second in three years. World food prices hit a record in January, driven by huge increases in the prices of wheat, corn, sugar and oils. These soaring prices have had only a modest effect on U.S. inflation, which is still low by historical standards, but they’re having a brutal impact on the world’s poor, who spend much if not...
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