World: Food prices

Written by Super User 22 Feb 2011

The World Bank President reported global food prices hitting all-time dangerous high levels. Globally, high food prices could contribute to political instability and push millions into poverty. Extremely strange weather patterns the world over destroyed many crops and has hit the supply of food available to a higher demand for food. People in the developing nations have been hit the hardest because they have to spend as much as half their income on food. In the USA corn prices increased 60 % increasing cereal and meat prices. High energy prices are also to blame. Food prices are expected to continue to rise as many of the new year's crops are not yet planted, Economists say relief could be months away.

Pray: for Governments to recognise and compassionately act upon the repercussions of this shortage on the population’s poorest. (Pr.11:25)

More: http://www.cbn.com/cbnnews/finance/2011/February/World-Food-Prices-at-Dangerous-High-Levels/

Additional Info