August 17, Washington, D.C. - A global food crisis may "hit us very soon" as a drought ravages corn crops in the U.S., the world's largest grower, the International Food Policy Research Institute said today.
August 17, 2012 By Bloomberg
Governments must act to prevent the crisis, Shenggen Fan, director-general of the institute, told Bloomberg News. The U.S. should end its biofuel program that uses 40 percent of its corn output, to boost supplies to meat producers, Fan said. The Washington- based institute, supported by governments and international organizations, is part of the Agricultural Market Information System formed by the United Nations to monitor food costs.
“The major problem is policy,” Fan said today in an interview with Susan Li on Bloomberg Television’s “First Up”. “Biofuel production has to be stopped. That actually pushed global food prices higher and many poor people, particularly women and children, have suffered.”
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