Afther the oil crisis, now it turns to the food crisis. Which one is the most important? As to me, the food is the most important basic needs for living, while the oil is just the second machine.
The rice price is up to 50% in January 2007 , 318, 3 dollars per ton to 577 dollars in January 2008. The hardest hit will be on the Africa region where is the poor countries and depend on the food import. In the meantime, many prinicipal exporters China, India, Vietnam and Thailand stop temporarily to export for local needs and reserves. The main cause of shortages come from the high price of energy, the draught in the region and the shift of cultivation from rice to the biofuel such as corn, sugar cane and palm oil.
The rice price is up to 50% in January 2007 , 318, 3 dollars per ton to 577 dollars in January 2008. The hardest hit will be on the Africa region where is the poor countries and depend on the food import. In the meantime, many prinicipal exporters China, India, Vietnam and Thailand stop temporarily to export for local needs and reserves. The main cause of shortages come from the high price of energy, the draught in the region and the shift of cultivation from rice to the biofuel such as corn, sugar cane and palm oil.
Soaring food prices pose problems for three groups. First, for the poor whose ability to buy is underminded. The next one is the least developed countries who depend on high import, natural disaster and political unrest. The last is for International Aid Agencies whose goal is to help the poor countries.
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