Are We Approaching a Global Food Crisis?

Article no: EN20080303-Article-2.1-2008

Are We Approaching a Global Food Crisis?

By the end of the 1990s, food prices had plummeted to historic lows. But after the turn of the millennium, prices began to increase. And since 2006, food prices have escalated dramatically, raising fears of a global food crisis. The price hike has affected virtually all major commodities. Prices of dairy and many cereals more than doubled in 2007, reaching all-time record highs. This rapid price increase will worsen the already dire situation for the world?s poor and hungry, writes Katarina Wahlberg.