A recent report prepared by the U.N. Food and Agriculture Organization identified 22 nations that are threaten by the global food crisis; riots, due to food shortages are now occurring in most of these poor countries. To prevent the escalation of the present world food crisis, Stewart Alexander, Vice Presidential Nominee for Socialist Party USA, wants a freeze or a roll back on U.S. ethanol production to the levels prior to December 2007.
Nigeria, like all countries, is being affected by the
sharp increase in food prices. Now the government, floating on the huge amounts
of petrodollars coming into the country, has ordered 500,000 tons of rice to
flood the Nigerian market in an attempt to get the price down. But will this
solve the problem?
There are about 1 billion people in the world subsisting on
$1 a day or less. These people typically spend 80% of their income on food. For
them the present food price rises mean catastrophe. Why are so many going hungry? Why are food prices going up
all the time? These are the questions the United Nations Food and Agriculture
Organisation has been asking at its meeting this June. So far it hasn’t come up
with any solutions.
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