Wednesday, July 16, 2008

India and world food crisis

My view: Heavy rains in Bangalore must clarify that we will have atleasta modest monsoon, therby enough food stocks. India sooner or later will remove its rice export ban therby helping other countries. like Bangladesh, UAE.

The Food Corporation of India (FCI), a wing of the public distribution ministry, last year provided almost 38 million tons of subsidized rice and wheat to hundreds of millions of people living below or near India's poverty line of around 30 U.S. cents a day.
The continuing surge in global food prices is throwing India into a vexing dilemma: how to cement its status as a rising economic superpower while providing for its millions of underfed citizens.
Source: http://news.nationalgeographic.com/news/2008/07/080715-india-food.html

Global food crisis comes back to calories . The nutritional results of this crisis are unlikely to be pretty. Already, nearly a billion people in the world do not get enough calories to meet their daily needs. Expect that number to rise. Not enough food means human misery, perhaps on an unprecedented scale.
My advice about healthful eating is simple:
-- Eat less.
-- Move more.
-- Eat plenty of fruits, vegetables and whole grains.
-- Don't eat too much junk food.
Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/15/FD8811AVK1.DTL

Food ‘crisis’ dubbed wake-up call for governments in Asia : When world rice prices hit 1,000 dollars per ton in May, more than doubling over five months, Asian governments were forced to do something they haven’t done for decades: Take a serious look at their neglected agriculture sectors.
Source: http://www.mb.com.ph/BSNS20080716129874.html

As China and India grew more prosperous they began to add to inflationary pressures, rather than subtract from them, by demanding more oil and food and pushing up the global prices of commodities. As the US – which had been growing beyond its means for years – began to adjust, the dollar plummeted on foreign exchanges. That put further upward pressure on prices since a lower dollar means that imports become more expensive
Source: http://www.timesonline.co.uk/tol/comment/columnists/gerard_baker/article4340443.ece

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