By Staff WritersFeb 9, 2011 Beijing (AFP) – China called Wednesday for higher rice output to offset damage to its wheat crop in the drought-stricken north and pledged $1 billion in spending to battle a problem the UN warned could be “very serious”. The drought affecting large swathes of northern China is the worst in […]
By JEFF RUBIN, Globe and Mail BlogPosted on Wednesday, February 9, 2011 6:21AM EST It’s more than coincidence the Arab world is convulsing with social unrest just as the United Nations Food and Agricultural Organization’s widely watched price index recently soared past the previous food price peak set in the summer of 2008. After all, […]
3 February 2011, Rome – World food prices surged to a new historic peak in January, for the seventh consecutive month, according to the updated FAO Food Price Index, a commodity basket that regularly tracks monthly changes in global food prices. The Index averaged 231 points in January and was up 3.4 percent from December […]
By Staff WritersFeb 3, 2011 Nairobi (AFP) Feb 3, 2011 – Drought in Somalia is threatening two million people, the vast majority living in zones controlled by radical Islamist insurgents where it is impossible to send aid, a UN official said Thursday. “Somalia hosts one of the largest populations of displaced people in the world,” […]
By Leon GettlerFebruary 1, 2011 Urbanisation, climate change and globalisation are leading to more and bigger catastrophes. THE floods that ravaged Queensland and Victoria are a warning for businesses to overhaul their risk-management strategies. They are events that tell us we are now in a very different world. How different? Erwann Michel-Kerjan, managing director of […]
By Annalyn Censky, staff reporterJanuary 28, 2011: 5:11 PM ET NEW YORK (CNNMoney) — Food prices have been rising worldwide, as the cost of raw materials and agricultural products surge, contributing to political unrest around the globe. In December, international food prices broke an all-time high when they rose 25% for the year, led by […]
By Marwan Ibrahim Marwan IbrahimSat Jan 29, 5:43 am ET KIRKUK, Iraq (AFP) – A worsening water shortage in Iraq is raising tensions in the multi-ethnic Kirkuk province, where Arab farmers accuse the Kurdistan region of ruining them by closing the valves to a dam in winter. “We are harmed by the Kurds, and the […]
By Anwar Faruqi Anwar FaruqiThu Jan 27, 11:08 am ET BAGHDAD (AFP) – Record low water levels at Iraq’s largest hydroelectric dam have ground turbines there to a halt, amplifying a power shortage that led to riots last summer, a top official said on Thursday. Adel Mahdi, advisor to the electricity minister, said water levels […]
By Gregory WhiteJan. 22, 2011, 12:08 PM Food inflation is now a reality for much of the world. It contributed to the overthrow of the Tunisian government, has led to riots across the Middle East and North Africa, driven up costs in China and India, and may only be getting started. Whether you blame a […]
By Tom Keene and Stuart WallaceJan 26, 2011 8:42 AM PT A surge in food and energy costs is stoking inflation in emerging markets and causing riots that may topple governments, said Nouriel Roubini (video of Roubini interview), the New York University economist who predicted the financial crisis. Global food costs monitored by the United […]
