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World food crisis will be a lot bigger than the financial crisis


According to the latest figures cited by the World bank President Robert Zoellick the financial crisis was very less compared to the food crisis awaiting in wings deu to the jump in price of food. Speaking at the end of the spring meetings of the World bank and International Monetary fund he said that collective action is required to avert this crisis which is going to hit Middle East and North Africa the most.



Food price changes Q1 2010 to Q1 2011

Source: World Bank Development Prospects Group

Maize

74%

Wheat

69%

Palm oil

55%

Soybeans

36%

Beef

30%

Rice

-2

IMF cheif Dominique Strauss-Kahn also discussed concerns about the high levels of unemployment among young people. At the same meeting, situation in middle east and volatile oil prices was also discussed.

 

Read more about this on bbc at http://www.bbc.co.uk/news/business-13108166

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My website is a way of aggregating information which is close to me such is environment, green computing, social media, ubiqitous computing, context aware systems, supply chain management, web accessibility, drupal and so on.

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