Open

Coming up

Don't miss

Replay


LATEST SHOWS

WEB NEWS

India: journalist launches "Rice Bucket Challenge"

Read more

FOCUS

Video: Milan is starting point for Syrian refugees’ European odyssey

Read more

WEB NEWS

Russian aid convoy: Mission accomplished?

Read more

WEB NEWS

Actor Orlando Jones lauches 'Bullet Bucket Challenge'

Read more

IN THE PAPERS

'Macron Economics'

Read more

BUSINESS DAILY

Macron-economics, the former banker turned minister

Read more

IN THE PAPERS

'The capital of sex, drugs, alcohol, trash and trashy tourism'

Read more

MEDIAWATCH

French government crisis: 'Krankreich' not Frankreich

Read more

DEBATE

Hollande's Last Chance: Can Weakened President Reform Without Left Flank? (part 2)

Read more

  • Video: Milan is starting point for Syrian refugees’ European odyssey

    Read more

  • France’s Hollande puts young ex-banker in top economy post

    Read more

  • Video: Iraq’s Yazidis flee to spiritual capital of Lalish

    Read more

  • Liberia sacks ministers who left amid Ebola outbreak

    Read more

  • Airstrikes and Assad - Obama’s military conundrum in Syria

    Read more

  • IMF’s Lagarde investigated in French corruption case

    Read more

  • American journalist held captive in Syria arrives in US

    Read more

  • In pictures: The ministers in France's new government

    Read more

  • 'Lasting' ceasefire agreed for Gaza, Abbas says

    Read more

  • Far-right ‘Russian Jihad’ fighters cross into Ukraine

    Read more

  • American 'Islamic State fighter' killed in Syria

    Read more

  • The ‘war’ at the heart of France’s ruling party

    Read more

  • Burger King to buy Canada's Tim Hortons for $11 billion

    Read more

  • Rebels 'shoot down' UN helicopter in South Sudan

    Read more

  • Air France pilots threaten September strike

    Read more

  • WHO seeks stricter regulation for e-cigarettes

    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

COMMENT(S)