Tuesday, May 31, 2011

Price Shock: The Food Crisis | ONE

Price Shock: The Food Crisis | ONE: "Food prices rose very quickly between June 2010 and February 2011, pushing an additional 44 million people into poverty. Although they've stabilized a bit since then, corn and wheat, which are central to the diets of poor people in developing countries, still cost almost what they did in the 2008 food price crisis. For the world's poor - most of them smallholder farmers - who spend on average 60 to 80% of their incomes on food - high food prices spell mounting poverty and greater hardships"

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