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...
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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...
More »Global food prices rise to new highs, not expected to fall in coming months – UN
Food prices around the world surged to a new historic peak in January, for the seventh consecutive month, the United Nations Food and Agriculture Organization (FAO) reported today, adding that the prices are not likely to decline in the months ahead. According to the FAO, its latest Food Price Index, a commodity basket that tracks monthly changes in global food prices, averaged 231 points in January and was up 3.4 per...
More »Poverty without Borders by Andrea Lunt
It's the land of freedom, of bright lights and burgers, where daring entrepreneurs arrive from across the planet in search of fame and fortune. The United States of America - the world's melting pot - has been a symbol of hope for centuries, but behind this vision of wealth and wonder is a tale often untold. Food security, lack of water rights and unemployment might sound like the type of problems...
More »World food prices hit new record: UN food agency
World food prices hit a new record high in January after rising for a seventh consecutive month, the UN's Food and Agriculture Organisation (FAO) said Thursday, warning the poor would be hit hardest. The FAO Food Price Index, which monitors monthly price changes for a basket of commodities, averaged 231 points in January -- up 3.4 percent from December and its highest level since FAO started measuring food prices in...
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