Posted by: r.m. | November 11, 2008

food and money

The food crisis, by numbers  from GRAIN

On 18 September 2008, the UN Food and Agriculture Organisation (FAO) announced that this year soaring global food prices have increased the number of people in the world suffering from acute hunger to more than 1 billion. Here are a few statistics that put today’s global food crisis into perspective. …

  • Increase in profits for the top three global fertiliser companies (Potash Corp, Mosaic, Yara) in 2007: +139% (their total profits for 2007 = US$2.9 billion)
  • Increase in profits for the top three global grain trade companies (Cargill, ADM, Bunge) in 2007: +103% (their total profits for 2007 = US$5.3 billion)
  • Increase in profits for the top three global seed/pesticide companies (Monsanto, Syngenta, DuPont) in 2007: +91% (their total profits for 2007 = US$ 3.0 billion)
  • Increase in global food prices in 2007: + 24 %
  • Increase in global food prices in first half of 2008: + 52%
  • Increase in number of people below the hunger threshold in 2007: +10% (up by 75 million to 923 million)
  • Amount of funds for agriculture that the FAO says is required on an annual basis to resolve the current food crisis: US$30 billion
  • Amount of funds allocated by the US government – through taxpayers – to bail out the US banking system in 2008: US$1.015 trillion (as at 22 September 2008) 
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: