A United Nations summit on food security opened with leaders slamming rich nations for worsening world hunger by allowing speculation in agricultural markets and using subsidies that hurt production in developing nations. Pope Benedict XVI cited "greed which causes speculation to rear its head even in the marketing of cereals, as if food were to be treated just like any other commodity." Brazilian President Luiz Inacio Lula da Silva, who called hunger "the most terrible weapon of mass destruction," urged rich nations to meet their commitments to boost investment in agricultural in poor nations and to end "shameful" farming subsidies. "They sabotage emerging agriculture in the poorer countries, wiping out their hope to create a bridge to development," Lula said.
Pope Benedict XVI cited "greed which causes speculation to rear its head even in the marketing of cereals, as if food were to be treated just like any other commodity."
Brazilian President Luiz Inacio Lula da Silva, who called hunger "the most terrible weapon of mass destruction," urged rich nations to meet their commitments to boost investment in agricultural in poor nations and to end "shameful" farming subsidies.
"They sabotage emerging agriculture in the poorer countries, wiping out their hope to create a bridge to development," Lula said.
Rice prices have nowhere to go but up as drought in India and cyclones in the Philippines cripple harvests, according to the world's biggest importer and the top exporter. Rice may double to more than $1,000 a metric ton as dry El Nino weather shrinks output and the Philippines and India boost imports, said Sarunyu Jeamsinkul, the deputy managing director at Asia Golden Rice Ltd. in Thailand, the largest exporting nation. Prices won't peak until March, said Rex Estoperez, a spokesman for the National Food Authority of the Philippines, the biggest importer. The agency issued a record tender for 600,000 tons last week and today called for bids for the same volume on Dec. 8 to secure grain before prices rise. Global rice supplies are likely to be tighter than last year, when food shortages sparked riots from Haiti to Egypt, said Jeremy Zwinger, president of The Rice Trader, a brokerage and consulting company in Chico, California. Escalating food prices threaten to spark unrest in developing nations while increasing costs for beer brewer Anheuser-Busch Cos., the biggest U.S. rice buyer, and cereal maker Kellogg Co.
Rice may double to more than $1,000 a metric ton as dry El Nino weather shrinks output and the Philippines and India boost imports, said Sarunyu Jeamsinkul, the deputy managing director at Asia Golden Rice Ltd. in Thailand, the largest exporting nation. Prices won't peak until March, said Rex Estoperez, a spokesman for the National Food Authority of the Philippines, the biggest importer. The agency issued a record tender for 600,000 tons last week and today called for bids for the same volume on Dec. 8 to secure grain before prices rise.
Global rice supplies are likely to be tighter than last year, when food shortages sparked riots from Haiti to Egypt, said Jeremy Zwinger, president of The Rice Trader, a brokerage and consulting company in Chico, California. Escalating food prices threaten to spark unrest in developing nations while increasing costs for beer brewer Anheuser-Busch Cos., the biggest U.S. rice buyer, and cereal maker Kellogg Co.
WASHINGTON -- The number of Americans who lacked reliable access to sufficient food shot up last year to its highest point since the government began surveying in 1995, the Agriculture Department reported on Monday. In its annual report on hunger, the department said that 17 million American households, or 14.6 percent of the total, "had difficulty putting enough food on the table at times during the year." That was an increase from 13 million households, or 11.1 percent, the previous year.The results provided a more human sense of the costs of a recession that has officially ended but continues to take a daily toll on households; it describes the plight not of a faceless General Motors or A.I.G. but of families with too little food on their children's plates.Indeed, while children are usually shielded from the worst effects of deprivation, many more were affected last year than the year before. The number of households in which both adults and children experienced "very low food security" rose by more than half, to 506,000 in 2008 from 323,000 in 2007, according to the report.
WASHINGTON -- The number of Americans who lacked reliable access to sufficient food shot up last year to its highest point since the government began surveying in 1995, the Agriculture Department reported on Monday.
In its annual report on hunger, the department said that 17 million American households, or 14.6 percent of the total, "had difficulty putting enough food on the table at times during the year." That was an increase from 13 million households, or 11.1 percent, the previous year.
The results provided a more human sense of the costs of a recession that has officially ended but continues to take a daily toll on households; it describes the plight not of a faceless General Motors or A.I.G. but of families with too little food on their children's plates.
Indeed, while children are usually shielded from the worst effects of deprivation, many more were affected last year than the year before. The number of households in which both adults and children experienced "very low food security" rose by more than half, to 506,000 in 2008 from 323,000 in 2007, according to the report.
