As if the world didn't have enough issues to contend with - especially all those who are still don't have access to food and water - now comes a prediction of a "food price shock".
"The Food and Agricultural Organization said Wednesday that the world faces a "food price shock" after the agency's benchmark index of farm commodities prices shot up last month, exceeding the levels of the 2007-08 food crisis.
The warning from the U.N. body comes as inflation is becoming an increasing economic and political challenge in developing countries, including China and India, and is starting to emerge as a potential problem in developed nations.
Abdolreza Abbassian, a senior economist at the FAO in Rome, said that the increase was "alarming" but that the situation was not yet a crisis similar to 2007-08, when food riots affected more than 30 poor countries, including Haiti, Bangladesh and Egypt.
"The world faces a food price shock," he said, adding that a prolonged spike could lead to a food crisis."
"The Food and Agricultural Organization said Wednesday that the world faces a "food price shock" after the agency's benchmark index of farm commodities prices shot up last month, exceeding the levels of the 2007-08 food crisis.
The warning from the U.N. body comes as inflation is becoming an increasing economic and political challenge in developing countries, including China and India, and is starting to emerge as a potential problem in developed nations.
Abdolreza Abbassian, a senior economist at the FAO in Rome, said that the increase was "alarming" but that the situation was not yet a crisis similar to 2007-08, when food riots affected more than 30 poor countries, including Haiti, Bangladesh and Egypt.
"The world faces a food price shock," he said, adding that a prolonged spike could lead to a food crisis."
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