Now, food prices to take toll on BritonsAugust 28th, 2012 - 8:45 pm ICT by IANS
London, Aug 28 (IANS) British families, already facing difficult times due to a financial crunch, may have to further cope with much harsher times as they would have to spend more on food following a poor harvest which has pushed up prices worldwide.
The cost of basic food products is rising because of a drought in the US and poor crops in Russia and eastern Europe, Daily Express reported.
According to Jose Graziano Da Silva, head of the UN Food and Agriculture Organisation, food prices could reach a crisis point next year if harvests in the southern hemisphere are poor.
At a conference in Sweden on water resources Monday, Da Silva called on G-20 nations, producing up to 95 percent of crops hit by price rises, to take “coordinated action”.
A third of all food production is lost due to poor storage in developing countries or waste in rich nations, Da Silva added.
The G20 is set to discuss food prices this week but no decisions are expected before September when a report on grain supply is due.
- Brazilian economist new chief of UN food agency - Jun 27, 2011
- India won't be able to store another bumper crop - Apr 15, 2012
- Brazil expecting record grain harvest - Aug 10, 2012
- Where to stock bumper harvest? Punjab, Haryana in quandary - May 17, 2012
- World food prices enter 'danger territory' to reach record high - Jan 06, 2011
- Wheat grains ruined in Punjab due to official apathy - Jul 20, 2010
- Prime Minister reviews food security amid rain concerns - Jul 18, 2012
- India's food production high despite drought and floods: K.V. Thomas - Feb 08, 2011
- UN declares end of famine in Somalia - Feb 04, 2012
- FCI asked to create 15 MT additional storage capacity - Sep 16, 2011
- Punjab, Haryana procure record 200 lakh tonnes of wheat - May 11, 2012
- Snowfall brings respite to wheat crops in China (Lead) - Feb 11, 2011
- Jharkhand offers Rs.410 crore relief package to farmers - Jul 30, 2012
- In Bihar, the woes are not of farmers alone - Sep 21, 2010
- Bengal ration shops to continue potato sales till prices fall (Lead) - Jul 25, 2012
Tags: agriculture organisation, british families, britons, crisis point, da silva, daily express, difficult times, eastern europe, financial crunch, food prices, food production, food products, g20, grain supply, graziano, harvests, poor harvest, poor storage, southern hemisphere, water resources