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Food prices soaring, says World Bank

World food prices up 36% in one year

 

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Robert

You recently posted some interesting news about how global temperature change is impacting the planting of crops in different parts of the world.

It’s time to start worrying. Maybe you need to horde food instead of hording money?

Unfortunately, many people are not seeing the facts, as the news media is  misdirecting the general population. 

Steve Foster
Fort Mill, SC


14 Apr 11 - The World Bank has warned that rising food prices, driven partly by rising fuel costs, are pushing millions of people into extreme poverty.

World food prices are 36% above levels of a year ago, the bank said. Prices of basic commodities remain close to their 2008 peak, with the prices of wheat, maize and soya all rocketing.

The only exception is rice, which has fallen slightly in price in the past year.

Among other measures, the World Bank is encouraging food-producing countries to divert production away from biofuels production when food prices exceed certain limits.

Other recommendations include targeting social assistance and nutritional programs to the poorest, better weather forecasting, more investments in agriculture, the adoption of new technologies - such as rice fortification to make it more nutritious, and efforts to address climate change. (Italics added)

If they think we humans are causing "climate change" (code word for human-caused global warming), then they're preparing for the wrong set of circumstances.

Don't they realize that global temperatures are dropping?
 

Food price changes Q1 2010 to Q1 2011 
 

Maize

74%

Wheat

69%

Palm oil

55%

Soybeans

36%

Beef  

30%

Rice  

-2%

 

Source: World Bank Development Prospects Group


See entire article:
http://www.bbc.co.uk/news/business-13086979
Thanks to Steve Foster for this link

 

 
 



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