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Something’s Rotten

The Food and Agriculture Organization (FAO) Food Outlook report published a couple of days ago confirms that wheat prices should decline in the new season. I thought to myself: Wow! That’s great news! I promptly logged onto the FAO site (I’m a regular there) and I got this: International prices of most agricultural commodities have started to decline, but they are unlikely to return to the low price levels of previous years, Food Outlook reports. The FAO food price index has remained stable since February 2008, but the average of the first four months of 2008 is still 53 percent higher when compared to the same period a year ago. And this: Increased hunger likely in some poor countries.

I smell a rat! Some financial entities (read speculators), like the oil producers, are making a killing. Somewhere. Read more »

A Ray of Hope: G8 to Start Tackling Global Food Crisis

On the Project Concern site, there’s this message: Here is a challenge to consider: tonight - for just one night - go without dinner; go to bed hungry. This act of conviction serves to remind each of us of the global emergency that is currently being described by the World Food Program as the “silent tsunami.”

Imagine having to go without food for days on end as roughly a billion people do on a regular basis. Imagine having to put your kids to sleep at night hungry. How did we get to this point and what did the various governments in the world do to alleviate the hunger and the suffering? Not much, as most States still spend a large portion of their GDP, doggedly, in defense, shoring up armies and armament as if there’s no tomorrow, still drawing invisible battle lines on the earth, water and space.

However, there is movement at the station, to paraphrase Banjo Paterson. Read more »