"In many developing countries, the poor spend up to 75 per cent of their income on food. When prices of basic foods rise, it hits hard", he said.
"In just two months, rice prices have skyrocketed to near historic levels, rising by around 75 per cent globally and more in some markets - with more to come."
The price of coarse rice, the staple food of poor Bangladeshis, has more than doubled in a year [EPA] |
Price riots
Riots over rising food prices began in southern
Tens of thousands of people took to the streets to protest against the food price increases.
Most Haitians live on less than $2 a day.
Reports suggest some people have turned to eating cookies made of dirt, vegetable oil and salt.
Meanwhile, at least seven people have died in
Similar riots have been reported in
Biofuels link
The increased use of grains to produce biofuels, first heralded as a way to cut greenhouse gases, has been blamed for contributing to rises in the cost of basic foods.
1 comment:
But one little girl is smiling. How?
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