Thursday, April 14, 2011

Rising food prices hurt the extreme poor around the world (see chart)...There is a solution, but it ain't never gonna happen...

Food prices matter...Look for more political instability in the more vulnerable parts of the world if this trend is not reversed.  Let me beat the dead horse one more time---Corn-based Ethanol causes people to starve to death---If you grow more corn for ethanol, you have less to eat. Farmers grow more corn which means they grow less of the other agricultural commodities on the list.  Beef becomes more expensive because corn-based feed becomes more expensive---die, horse, die, so more PEOPLE can live...

Food prices: World Bank warns millions face poverty

World food prices are 36% above levels of a year ago, driven by problems in the Middle East and North Africa, and remain volatile, the bank said.

That has pushed 44 million people into poverty since last June.

A further 10% rise would push 10m more below the extreme poverty line of $1.25 (76p) a day, the bank said.

And it warned that a 30% cost hike in the price of staples could lead to 34 million more poor.
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