Crisis

Australian floods stoke cotton-supply fears

Prices for cotton powered to a new post-Reconstruction Era high for the second consecutive day. Deadly floods in major grower Australia have stoked fears that the country’s growers will be unable to meet their contract obligations, pushing prices even higher. Benchmark cotton futures touched $US1.6789 a pound during intraday trading overnight. This is the highest [...]

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Pakistan’s agricultural crisis deepens

SHAH JAMAL, Pakistan — Abid Hussein fears the deep floodwaters that destroyed his cotton crop, rotted his wheat seeds and swept away his farming tools are not finished ravaging his life. Just weeks before the wheat planting season is to start, his 1.5-acre farm still lies under 3 feet of water, and he is certain [...]

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Flooding in Niger Threatens Next Harvest

Flooding in Niger is devastating livestock and destroying crops, lowering expectations for the next harvest in a country where more than half the people do not have enough to eat. Flash floods are making it harder to feed an already hungry population in Niger with thousands of people driven from their homes and off their [...]

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Scramble for food companies a warning of crisis to come

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MUCH has been said about how BHP Billiton’s bid for Potash Corporation and Canadian fertiliser company Agrium’s play for AWB fit in with the growing issue of food security and food shortages. These are just new chapters in developments that resulted in China’s Bright Food Group trying to acquire Australia’s CSR sugar this year and [...]

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Weather going haywire

The flooding of Pakistan, affecting 20 million people, is linked to climate change and a sign of more calamities to come. FOR those who still doubt that climate change is a real problem, the plight of Pakistan today should serve as a lesson. The floods there have been simply devastating. Up to 20 million people [...]

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Food Crisis Threatens Bolivia Due to Climate Change

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Persistent drought, cold weather and flooding, all attributed to climate change, are threatening Bolivia with a food crisis, the United Nations Food and Agriculture Organization (FAO) and experts have recently warned. FAO coordinator Einstein Tejada said one fifth of Bolivia’s territory now suffer from the effects of climate change, causing food prices to rise. The [...]

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Flour price may soar 20% in October due to low harvest

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The Indonesian Sugar and Flour Traders Association (Apegti) predicts that the country’s flour price may rise 20 percent starting from October due to increased world wheat prices stemming from decreased global production. The price of wheat in several stock exchanges rose after the government of Russia announced that the country would temporarily halt wheat exports [...]

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