Unlike the educated elite who go Westwards, attracted by better opportunities and a luxurious lifestyle, those who land up in West Asia as waged labourers have a much harder time: Practically no rights, hostile working environments and absolutely no support systems. Why is it that the violation of their basic rights doesn't figure at all in the national imagination? About the same time that India aired “absolute displeasure and concern” over...
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Wheat Hoarding Likely to Be `Widespread,' Prompting Price Gains, UN Says by Luzi Ann Javier
Global wheat harvests may trail demand for a second year, spurring hoarding and further price gains, said the United Nations. “Whenever you get the market as tight as we are now, hoarding becomes widespread,” Abdolreza Abbassian, a senior economist at the UN Food and Agriculture Organization, said in an interview by phone from Rome. Wheat, corn and soybeans soared to the highest levels since 2008 yesterday as a U.S. government report showed...
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 »UN report lauds India for adding 300,000 hectares of forest every year
Asia is leading afforestation activity in the world with a significant contribution from India which is adding 300,000 hectares of forest every year, a senior UN official said. "I would highlight India, which still has important population growth. The forests in India are growing at 300,000 hectare per annum," Eduardo Rojas Briales, Forestry Director of Food and Agriculture Organisation told journalists on Wednesday. According to the 'State of the World's Forests'...
More »Emerging Nations Tackle Food Costs by Eric Bellman and Alex Frangos
Fast-growing emerging nations are taking increasingly aggressive actions to beat back rising food prices as they grow more worried of threats to stability if prices don't start to retreat. Developing-market governments have unveiled a laundry list of measures—including price caps, export bans and rules to counter commodity speculation—to keep food costs from disrupting their economies as price spikes that some had hoped were temporary have stretched into the new year. Some...
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