Search Omemee Pigeon eFlyer
Custom Search

Sunday, October 16, 2011

World Food Day - Food Prices Crisis!

Food prices – from crisis to stability

image World Food Day, Observed Oct 18 each year in over 150 countries, has a different focus each year. This year’s theme? 'Food prices – from crisis to stability' Jacques Diouf, Director-General, Food and Agriculture Organization of the United Nations issued the following statement explaining this year’s focus on food price instability,  and points to a variety of causes, suggesting solutions, which might help end food price instability, and hunger. According to Canada Agricultural Museum,the problem is not in a lack or food, but the distribution of food. Unstable food prices cause many problems ‘When food prices go up, more people go hungry, whether due to importing less, growing less, or earning less for what is grown.’

Oxfam Challenge

Oxfam has designated Oct 15 to 22nd 'GROW Week' , and is asking Canadians to
take the World Food Challenge: to share a meal made with organic, fair trade and/or local ingredients. Whether it is a small and intimate gathering of friends or family; or a larger event like a potluck at a community centre,  school or workplace, the key is to get people talking. You can sign up for the Challenge and get resources to help on the Oxfam site
Here is the article from Jacques Diouf, Director-General,Food and Agriculture Organization of the United Nations
“Food prices – from crisis to stability” has been chosen as this year’s World Food Day theme to shed some light on a trend that is hurting the poor consumer, the small producer and agriculture in general. Food prices, which were stable for decades, have become increasingly volatile.
If we are to seriously address the issue of world hunger, more effort has to be made to address the problem of food price fluctuations, particularly for those who spend most of their incomes on food, to ensure that they can return from the market with enough for their families to eat nutritiously.

Food Price Instability Causes

The causes of food price instability are well known. However, counteracting this instability requires political will.

Food Price Instability - Climate Change Depletes Stock

The global food market is tight, with supply struggling to keep pace with demand and stocks are at or near historical lows. Droughts or floods hitting key producing regions squeeze prices further. Agriculture cannot respond fast enough with increased food production because of long-term under-investment in research, technology, equipment and infrastructure.

Food Price Instability-Increased Animal Feed Costs

Increased wealth means many people worldwide are eating more meat and dairy products, driving up the price of animal feed. Eighty million people are born every year, creating more demand for food.

Food Price Instability - Food Commodity Investments Distorting Trade Policies

A further contributing factor may be the recent entry of institutional investors with large sums of money into food commodity futures markets. In addition, distorting agricultural and protectionist trade policies bear a significant part of the blame.

Food Price Instability- Market Price Prediction Guessing Game for Farmers

At the level of net food-importing countries, price rises can hurt poor countries by making it much more expensive for them to import food for their people. Farmers are also affected because they badly need to know, months away, the price their crops will fetch at harvest time. If high prices are likely, they plant more. If low prices are forecast, they plant less and cut costs. Rapid price swings make that calculation much more difficult.

Food Price Instability - Solutions

Food Price Instability - Solution - Eliminate Agricultural Subsidies

Greater policy coordination in international food trade can reduce volatility by helping maintain an assured flow of goods. FAO supports the elimination of trade-distorting agricultural subsidies in rich countries.

Food Price Instability - Solution - Increase Futures Markets Transparency

On speculation, FAO’s research suggests that while this might not trigger price movements, it could exaggerate their size and duration. More and better information is needed to allow greater transparency in trade on futures markets. This would help ensure that governments and traders make informed decisions and avoid panic or irrational reactions.

Food Price Instability - Solution - Emergency Food Reserves

As to mitigating the effects of volatility on the poor, national or regional safety nets, possibly featuring emergency food reserves, can help assure food supplies to the needy during crises. Poor consumers can also be assisted with cash or food vouchers and farmers helped with inputs such as fertilizer and seeds.

Food Price Instability - Solution -Government Call Options

Various financial mechanisms can help governments protect consumers from food price increases. One example is call options, which would give governments the right to buy food at a set price even months ahead, regardless of how the market has moved in the meantime.

Food Price Instability - Solution -  Increased Agricultural Investment

Ultimately though, stability in the food market depends on increased investment in agriculture, particularly in developing countries, where 98 percent of the hungry live and where food production needs to double by 2050 to feed growing populations.
On World Food Day 2011, let us reflect seriously at what causes swings in food prices, and articulate alternatives on what needs to be done at national, regional and global levels to reduce the impact on almost a billion people who do not have enough to eat.
Jacques Diouf
Food and Agriculture Organization of the United Nations
1 Billion Hungry
Canadia Agriculture Museum

No comments:

Post a Comment


Those who post comments are accountable for the opinions they express, and the accuracy of the information they furnish. While we encourage writers to utilize this service on our site, we also strongly suggest they treat it as public forum where good taste counts. We reserve the right to decline for approval objectionable material from this site.

Writers that include profanity or personal attacks or other inappropriate comments - such as racist language, threats or comments unrelated to the story - will not be approved. Also, entries that are unsigned or signatures by someone other than the actual writer will not be approved.

While writers can still post anonymously, we strongly suggest that they do not do so.

Opinions, guidance and other information expressed in Omemee Pigeon eFlyer comments and by contributors to the Omemee Pigeon eFlyer, represent the individuals'; own views and are not necessarily those of the Omemee Pigeon eFlyer. The Omemee Pigeon eFlyer furnishes this type of forum and does not endorse and is not accountable for statements or advice from anyone other than an designated Omemee Pigeon eFlyer spokesperson.


(Frequently Asked Questions) Choose your favourite and send a letter to the editor. 1. Why isn't this paper being run on a "dot com"? 2. Who is running this paper? 3. Why do you have Google ads on here? 4. Where can I get a print copy of this paper? 5. How can I help make this paper even better? 6.I'd like to buy you a coffee.Where can I send a donation? Thanks! Every bit helps!

Who Reads Omemee Pigeon eFlyer?

You do! Most readers are from our direct area,but people the world over do read Omemee Pigeon eFlyer. We currently have over 2,000 accounts getting our headlines,and almost 100 daily email subscribers. Not bad for a little eZine just starting out. We are especially excited about the writers joining in this project!

Come Tweet Us!

Related Posts Plugin for WordPress, Blogger... Google+