Not exact matches
This report describes a new age of growing crisis:
food price spikes and oil
price hikes, devastating weather events, financial meltdowns, and
global contagion.
In 2008, constrictions in the
food supply chain led to a
spike in
global prices and riots around the world.
Adam Nossiter, «For Congo Children,
Food Today Means None Tomorrow,» New York Times, 2 January 2012; Deutsche Welthungerhilfe, IFPRI, and Concern Worldwide, 2011
Global Hunger Index: The Challenge of Hunger: Taming
Price Spikes and Excessive
Food Price Volatility (Bonn, Washington, DC; and Dublin: 2011), p. 17.
According to a report commissioned by the World Bank,
global demand for fuels made from
food accounted for nearly 70 % of the historic
price spike in wheat, rice, corn, and soy during the summer 2008.
This in a week when Kentucky farmers were reporting that corn kernels were «aborting» in record heat, threatening a
spike in
global food prices.