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Global leaders discuss food crisis

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A global grain crisis has driven prices of wheat and rice to records, prompted some countries to impose export bans, stoked inflation and sparked civil unrest. The U.S. and Europe may have to reconsider their promotion of biofuels as fears of food shortages mount. This report compiles comments from the United Nations' Ban Ki-Moon and Abdolreza Abbassian, the World Bank's Robert Zoellick and Hans Timmer, the International Monetary Fund's Dominique Strauss-Kahn, the Center for Global Development's Kimberly Elliott and the Peterson Institute's Arvind Subramanian. Other speakers include UBS's John Clemmow, Calyon's Stuart Bennett, Nikko Asset's Gavin Redknap, the U.S. Department of Agriculture's Ephraim Leibtag, Europe Economics' Andrew Lilico, Rabobank's Luke Chandler, Puru Saxena's Puru Saxena and Global-Cap's Alexis Dawance. (Source: Bloomberg)
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1 response // Global leaders discuss food crisis

  • sorry to stat the obvious due to my naiviyt about the financial world..but it seems that if everyone dropped their hiked prices..then everyone would benefit.Yes it does sound that simple and at the end of the day most things are.Everything has gone out of scale to what it should be..a footballer earns more than a doctor for instance..and the worlds marketing of produce that in some countries get subsidised because the farmer was creating to much food causing a stockpile of excess products..surely its time these world leaders took stock and said lets all drop prices..feel free to bash me over the head about this...just a Wally at heart...
    mcwally

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