Financial crash could deepen food crisis – FAO

Financial crash could deepen food crisis – FAO

15/10/2008

Governments should avoid reducing aid to developing countries’ agriculture and introducing protectionist trade measures in response to the unfolding global financial crisis, FAO Director-General Jacques Diouf cautioned today.

In a statement marking the 34th Session of FAO’s Committee on World Food Security (CFS) from October 14-17, Diouf warned that such steps could increase the risk of another food crisis occurring next year. That could happen despite the record 2008 cereal harvest which is now expected.

According to the latest issue of FAO’s Crop Prospects and Food Situation report, production this year is forecast to increase 4.9 percent to a record 2 232 million tonnes. However some 36 countries around the world are still in need of external assistance as a result of crop failures, conflict or insecurity, or continuing local high prices, the report noted.