Solving Asia's Food Crisis |
| Wall Street Journal - May 5, 2008 |
Rising food prices and dwindling global stocks have put many governments in developing Asia and the Pacific under enormous pressure to put food on the table of the most vulnerable and poor in their countries. Over a billion people in the region are seriously affected by the food price surge, as food expenditure accounts for 60% of the average total expenditure basket. Food and energy together account for more than 75% of total spending of the poor in the region.
Several short-term cyclical and long-term structural factors have combined to spark the recent surge in the prices of rice and other cereals. Rising energy prices are pushing up prices of fertilizers and fuels. This, along with declining food stocks, diversion of food crops acreage to bio-fuels, and unfavorable weather events in some countries which have caused supply disruptions, has contributed to the surge in food prices.
Read Full Article from Wall Street Journal
- Posted: 2008-05-05 08:29:01
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
