News / Middle East

Higher Food Prices Loom in 2011

As 2010 ends, reserve supplies are tight

High food prices and alleged corruption sparked these opposition-driven protests in New Delhi in Dec. 2010.
High food prices and alleged corruption sparked these opposition-driven protests in New Delhi in Dec. 2010.

Multimedia

2010 ends with food prices on the rise in many parts of the world and reserve supplies tight. That has some experts nervous that another shock could return food prices to levels that triggered violence in 2008.

Riots

In 2008, riots broke out in at least a dozen countries as food prices hit record highs. By 2010, prices had come down as good weather brought bigger harvests. But this February, UN Food and Agriculture Organization chief Jacques
Diouf said the danger was not over.
 
"All the other factors that led to the price crisis are all here,” he said.  “They have not changed."
 

Diouf said biofuels still compete for food crops. One third of U.S. maize went to ethanol this year.
 
Energy prices

Energy prices remain high, which also affects the cost of food. And the world population keeps growing. He said that did not bode well for future food security.
 
"So, if we have - and I pray we don't have it - serious problems of flood and drought in major exporting countries, we're back to square one," said Diouf.

Drought
 
And in fact, drought in the Black Sea region cut Russia's wheat harvest by a third this year.

Drought in the Black Sea region cut Russia's wheat harvest by a third in 2010. A subsequent ban on wheat exports drove prices up.
Drought in the Black Sea region cut Russia's wheat harvest by a third in 2010. A subsequent ban on wheat exports drove prices up.

Moscow banned wheat exports, which scared the grain markets and made the situation worse.

"It is the drought that triggered the Russian ban,” says Shenggen Fan, head of the International Food Policy Research Institute. “And it's the Russian ban that triggered the price increase."
 
Prices vary from region to region, but on the global commodity markets wheat and maize have increased almost 50 percent over last year. And experts predict even higher prices next year.

Higher prices
 
Prices have not returned to where they were two years ago largely because grain stocks were bigger this year than in 2008. But that is no guarantee for coming years.
 
"I think we really need to take some urgent actions,” Fan says. “If we don't, I guarantee you we will have another crisis."
 
He believes countries need to invest in making their farmers more productive, because in the long run the world will need to feed more hungry people with less available land, water and other resources, and under a changing climate.
 
In the short run, markets are nervously watching dry weather in South America. Bad harvests there could push prices up further. And  a return to 2008's high prices is not inevitable.

"Certainly we're closer than we are comfortable with right now,” says economist John Anderson with the American Farm Bureau Federation, “but I think it's a little premature to say we're definitely due for a repeat of that magnitude."
 
Farmers have responded to high prices by planting more, which, barring more weather catastrophes, should eventually bring prices down.
 
According to Anderson, this is not the first time farmers have faced this challenge.
 
"We've had growing population and limited resources for the last 10,000 years. And we've managed to deal with that through innovation and improvement in our technology."
 
But Anderson says it will take time before those improvements impact market prices. In the meantime, he expects food prices to rise at least a little over the next several months.

You May Like

Photogallery Americans Celebrate Thanksgiving With Feasts, Festivities

Holiday traditions include turkey dinners, 'turkey trots,' American-style football and New York parade with giant balloons More

Video For Obama, Ferguson Violence is a Personal Issue

With two years left in term, analysts say, president has less to lose by taking conversation on race further More

Video Italian Espresso Expands Into Space

When Italian astronaut Samantha Cristoforetti headed for the ISS, her countrymen worried how she would survive six months drinking only instant coffee More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
To Make A Living, Nairobi Street Vendors Face Legal Hurdles, Physical Violencei
X
Lenny Ruvaga
November 27, 2014 7:05 PM
The Nairobi City Council has been accused of brutality in dealing with hawkers in the Central Business District - in order to stop them from illegally selling their wares on the streets. Lenny Ruvaga has more for VOA News from the Kenyan capital.
Video

Video To Make A Living, Nairobi Street Vendors Face Legal Hurdles, Physical Violence

The Nairobi City Council has been accused of brutality in dealing with hawkers in the Central Business District - in order to stop them from illegally selling their wares on the streets. Lenny Ruvaga has more for VOA News from the Kenyan capital.
Video

Video For Obama, Ferguson Violence is a Personal Issue

Throughout the crisis in Ferguson, Missouri, President Barack Obama has urged calm, restraint and respect for the rule of law. But the events in Ferguson have prompted him to call — more openly than he has before — for profound changes to end the racism and distrust that he believes still exists between whites and blacks in the United States. VOA White House correspondent Luis Ramirez reports.
Video

Video Online Magazine Gets Kids Discussing Big Questions

Teen culture in America is often criticized for being superficial. But an online magazine has been encouraging some teenagers to explore deeper issues, and rewarding their efforts. VOA religion reporter Jerome Socolovsky went to this year’s Kidspirit awards ceremony in New York.
Video

Video US Community Kicks Off Thanksgiving With Parade

Thursday is Thanksgiving in the United States, a holiday whose roots go back to the country's earliest days as a British colony. One way Americans celebrate the occasion is with parades. Anush Avetisyan takes us to one such event on the day before Thanksgiving near Washington, where a community's diversity is on display. Joy Wagner narrates
Video

Video Aung San Suu Kyi: Myanmar Opposition to Keep Pushing for Constitutional Change

Myanmar opposition leader Aung San Suu Kyi says she and her supporters will continue pushing to amend a constitutional clause that bars her from running for president next year. VOA's Than Lwin Htun reports from the capital Naypyitaw in this report narrated by Colin Lovett.
Video

Video Mali Attempts to Shut Down Ebola Transmission Chain

Senegal and Nigeria were able to stop small Ebola outbreaks by closely monitoring those who had contact with the sick person and quickly isolating anyone with symptoms. Mali is now scrambling to do the same. VOA’s Anne Look reports from Mali on what the country is doing to shut down the chain of transmission.
Video

Video Ukraine Marks Anniversary of Deadly 1930s Famine

During a commemoration for millions who died of starvation in Ukraine in the early 1930s, President Petro Poroshenko lashed out at Soviet-era totalitarianism for causing the deaths and accused today’s Russian-backed rebels in the east of using similar tactics. VOA’s Daniel Shearf reports from Kyiv.
Video

Video Hong Kong Protests at a Crossroads

New public opinion polls in Hong Kong indicate declining support for pro-democracy demonstrations after weeks of street protests. VOA’s Bill Ide in Guangzhou and Pros Laput in Hong Kong spoke with protesters and observers about whether demonstrators have been too aggressive in pushing for change.
Video

Video US Immigration Relief Imminent for Mixed-Status Families

Tens of thousands of undocumented immigrants in the Washington, D.C., area may benefit from a controversial presidential order announced this week. It's not a path to citizenship, as some activists hoped. But it will allow more immigrants who arrived as children or who have citizen children, to avoid deportation and work legally. VOA's Victoria Macchi talks with one young man who benefited from an earlier presidential order, and whose parents may now benefit after years of living in fear.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.
Video

Video Tensions Build on Korean Peninsula Amid Military Drills

It has been another tense week on the Korean peninsula as Pyongyang threatened to again test nuclear weapons while the U.S. and South Korean forces held joint military exercises in a show of force. VOA’s Brian Padden reports from the Kunsan Air Base in South Korea.
Video

Video Mama Sarah Obama Honored at UN Women’s Entrepreneurship Day

President Barack Obama's step-grandmother is in the United States to raise money to build a $12 million school and hospital center in Kogelo, Kenya, the birthplace of the president's father, Barack Obama, Sr. She was honored for her decades of work to aid poor Kenyans at a Women's Entrepreneurship Day at the United Nations.
Video

Video Ebola Economic Toll Stirs W. Africa Food Security Concerns

The World Bank said Wednesday that it expects the economic impact of the Ebola outbreak on the sub-Saharan economy to cost somewhere betweenf $3 billion to $4 billion - well below a previously-outlined worst-case scenario of $32 billion. Some economists, however, paint a gloomier picture - warning that the disruption to regional markets and trading is considerable. Henry Ridgwell reports from London.
Video

Video Chaos, Abuse Defy Solution in Libya

The political and security crisis in Libya is deepening, with competing governments and, according to Amnesty International, widespread human rights violations committed with impunity. VOA’s Al Pessin reports from London.
Video

Video US Hosts Record 866,000 Foreign Students

Close to 900,000 international students are studying at American universities and colleges, more than ever before. About half of them come from Asia, mostly China. The United States hosts more foreign students than any other country in the world, and its foreign student population is steadily growing. Zlatica Hoke reports.

All About America

AppleAndroid