Tuesday, April 22, 2008

Rising Food Prices All Over The World: Foodstuffs, Crops are Lacking

It's not just in Haiti where unrest is growing. A combination of high fuel prices, booming consumption of food in increasingly wealthy Asia, the use of crops for biofuels, and speculation on futures markets have driven commodity prices to record levels.

The rising food prices are causing waves of unrest around the world. In Manila, troops armed with M-16 rifles now oversee the sale of subsidised rice, the latest basic crop to see a spike in prices. In Egypt, Indonesia, Ivory Coast, Mauritania, Mozambique, Senegal, Burkina Faso and Cameroon there have been protests in recent weeks all related to the food and fuel prices.

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