Published August 18th, 2010
In the News: Is Another Food Crisis Coming?
Will governments panic from fires and drought in Russia, floods in China and Pakistan and other concerns to ban exports?
Over the past month, global grain exports have been hit by two calamities that have been exacerbated by worries over global warming, particularly affecting the world’s rice crop. For the better part of a decade, the world’s food scientists have been warning against what they have called an Event – a confluence of natural calamities that drive the price of staples – particularly grains – past the point where hundreds of poor will no longer be able to eat.
The question isn’t whether there are enough grains but whether governments will panic again as they did during the 2007-2008 rice crisis. (As Asia Sentinel reported here, in May 2008). Governments across the planet from Vietnam to Egypt banned exports, driving rice prices from US$300 per metric ton to more than US$1,100 and causing shortages and food riots in several countries and resulting in the fall of the Haitian government. Russia has ordered an export ban until the end of the year and Ukraine is said to be considering one as well.
Two reports, one by the International Food Policy Research Institute on the devastation to wheat stocks in Russia and the Ukraine from drought and fires, and a second on climate change and rice, by the International Rice Research Institute, paint a rather grim picture that has been complicated by some of the worst flooding in history in Pakistan, China and the Indian province of Ladakh.



