Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Germany's World Cup title

Read more

FASHION

Paris, Haute Couture Fall/Winter 2014-2015

Read more

BUSINESS DAILY

Farnborough air show takes off but F-35 jet is grounded

Read more

IN THE PAPERS

Bastille Day celebrations

Read more

TOUR DE TECH

Read more

AFRICA NEWS

Ebola death toll increases in Sierra Leone

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

TALKING EUROPE

Viviane Reding, MEP, European People's Party

Read more

TALKING EUROPE

Schulz returns to Parliament presidency: back to business as usual?

Read more

  • Live: France celebrates Bastille Day

    Read more

  • In pictures: 2014 World Cup historic moments

    Read more

  • Boules and booze: Bastille Day à la New Yorkaise

    Read more

  • Kremlin mulls 'retaliatory strikes' after death of Russian civilian

    Read more

  • Senegal honours the soldiers who fought for France in WWI

    Read more

  • Clashes erupt in Paris as thousands march to support Palestinians

    Read more

  • Operations underway to refloat shipwrecked Costa Concordia

    Read more

  • Germany defeat Argentina 1-0 to win fourth World Cup title

    Read more

  • Paris’s Bastille Day fireworks ‘a homage to victims’ of WWI

    Read more

  • Thousands flee northern Gaza after Israeli warning

    Read more

  • Major differences remain as deadline looms in Iran nuclear talks

    Read more

  • Rival Libyan militias exchange heavy fire at Tripoli airport

    Read more

  • French military to extend Mali 'counterterrorism' operations into Sahel

    Read more

  • Legendary conductor Lorin Maazel dies aged 84

    Read more

Business

Food costs at record high, UN says

©

Text by Sébastian SEIBT

Latest update : 2011-03-04

Food costs reached a new record in February, according to the UN’s Food and Agriculture Organisation (FAO). The increase underlines the looming threat of a new global hunger crisis.

Food prices rose to a new world record, FAO economist Abby Abbassian told FRANCE 24 on Thursday. In February, an index of 55 food commodities rose by 2.2 percent compared to the previous month. Over the past six months, the index has risen by nearly 70 percent.

The situation is starting to look more and more like the crisis of 2008, when hunger riots broke out across the world. Indeed, the increase in the price of cereal, which represents 46 percent of the world’s calorie consumption, “is in large part responsible for this new record”, Abbassian explained.

But according to the FAO, several factors could prevent a new hunger crisis. “The situation in 2008 was largely due to rises in rice costs, which are usually relatively stable,” Abbassian said. Furthermore, at the time, investments in biofuels -- which use cereal -- seemed to be uncontrollable, whereas today “they are better controlled”.
 

Date created : 2011-03-03

  • FOOD

    Rising food prices push millions into poverty

    Read more

Comments

COMMENT(S)