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Soaring food prices in Turkey give officials food for thought
1.       Roswitha
4132 posts
 15 Apr 2008 Tue 02:20 am

not only Turkey but the entire world is affected by this!
And Turks are no exception when it comes to feeling the global pinch of soaring food prices: Rice alone has risen 130 percent in the last three months in Turkey, a figure that was only 68 percent worldwide last year.

Last week, dispatches recorded numerous riots in a dozen countries, signaling social unrest and instability. According to the World Bank, food prices have risen 83 percent in the past three years. The International Monetary Fund (IMF) was asked to provide a comprehensive relief package to alleviate the crisis, while the United Nations World Food Program is trying to collect on commitments but falling dramatically short of its target. The UN Food and Agriculture Organization says world cereal stocks this year will be the lowest since 1982.

Economists are trying to decipher what is really happening in the commodities market as officials scramble to address growing public tension over the high cost of food items. Greg Barrow, a senior public affairs officer at the World Food Programme (WFP), expressed this uncertainty in comments to Today's Zaman, saying it was "very difficult to predict precisely how high food prices are going to rise and how long they are going to stay at elevated levels." He also warned, "The effect on markets is already having an impact on the lives of the poorest, hungriest people, and the WFP faces an urgent need for increased donations to its budget in 2008 to meet a shortfall of half-a-billion US dollars, which has arisen as a result of the food price increases."

http://www.todayszaman.com/tz-web/detaylar.do?load=detay&link=139057

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