Global Food Crisis

What's causing the rising prices?


Food prices have spiked around the world over the past year, bringing hunger and unrest to many developing countries, along with pain at the checkout counter for lower-income American families. In North Korea, for example, where 35 percent of the population is undernourished, the price of the major food staple, rice, soared 186 percent, and overall food prices rose 70 percent. With 2.1 billion people around the world living on less than $2 a day, such price increases may plunge hundreds of millions into malnutrition and starvation. Drought, high oil prices that make food transport pricey and diversion of corn for use as a biofuel all contribute to the price spike. The effect of globalization — which has led poor countries to abandon domestic food ...

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