Volume 5 Issue 1 2009


Farha Naz Ghauri
Associate Professor, Department of Commerce Dr. Baba Sahib Ammedkar Marathwada University Aurungabad (Maharashtra), India.

Abstract The world is in the midst of a food crisis. The UN Chief Mr. Ban has rightly opined that the steeply rising price of food has developed into a real global crisis. Local manifestations in the shape of food riots and political protests should not obscure the global cause of the problem. Soaring food prices have created inflationary risks not seen in years. Food prices have risen 83 percent in the last three years, biofuels accounting for a 30 percent price hike. One hundred million lives are endangered and 30 million have been dragged down into poverty by bio-fuel prices. Agricultural economists say that unless and until aggressive farm reforms are initiated in developing nations, especially emerging countries, the crisis could get much worse. But the future looks food with better prospects. India may lift restrictions on wheat and rice exports. A good output of rice is expected from India, Thailand, and Vietnam. Bumper wheat output from India, Australia, the US, and Canada. The United Nations must take immediate action in a concerted manner. Hence, there has been an urgent need to evolve a sound and effective strategy to overcome the crisis.
Keywords Food Crisis, food riots, bio-fuels, Poverty, farm reforms, tsunami, energy prices, economic growth, terms-of-trade effects. .
Year 2009
Volume 5
Issue 1
Type Short Report
Recognized by Higher Education Commission of Pakistan, HEC
Category "Y"
Journal Name IBT Journal of Business Studies
Publisher Name ILMA University
Jel Classification -
ISSN no (E, Electronic) 2409-6520
ISSN no (P, Print) 2416-8393
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Manuscript Processing Blind Peer Reviewed
Format PDF
Paper Link,%20Trends%20and%20Strategy.pdf
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