WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2010-09-08 Time: 13:00:04 Posted By: News Poster
The United Nations’ food agency has called a special meeting of policy makers to discuss the recent rise in global food prices.
The announcement came after Russian Prime Minister Vladimir Putin extended the country’s ban on grain exports on Thursday.
This added to fears that prices of food staples would continue to rise. The meeting will take place on September 24, probably in Rome, the UN Food and Agriculture Organization said.
‘In the past few weeks, global cereal markets experienced a sudden surge in international wheat prices on concerns over wheat shortages,’ the agency said.
‘The purpose of holding the meeting is for exporting and importing countries to engage in constructive discussions on appropriate reactions to the current market situation.’
Heatwave Mr Putin did not say when exactly the Russian grain export ban, originally to run from 15 August to 31 December, would be lifted, but said that it would not be before next year’s harvest had been reaped.
Food prices, and wheat in particular, are so important for food security and even the political stability of countries”
Russia is one of the world’s biggest producers of wheat, barley and rye and was hit hard by a drought this summer.
The heatwave destroyed crops in many parts of the country, pushing food prices up.
This year’s crop could be as low as 60 million tonnes, but Russia needs almost 80 million just to cover domestic consumption, analysts say.
Other key grain producers have also reported shortages, causing the price of wheat on international commodities exchanges to rise more than 50 per cent since the beginning of July.
Grain prices on commodity markets shot to near two-year highs last month as investors digested worsening news of the Russian harvests.
Mozambique bread queue Bread queues form in Maputo, where price rises have sparked unrest
The FAO is concerned at the speed at which prices have increased over the last two months.
Its economist, Abdolreza Abbassian, said the latest Russian move to extend the ban would prolong the ‘volatility and anxiety’ already on the markets.
But the UN agency has stressed throughout that the situation is different from the food crisis of two years ago.
Prices are currently lower, production levels higher and stocks more abundant than during the 2007-8 period, when shortages sparked riots across the world.
‘It still does not mean that we are going to have a crisis,’ Mr Abbassian said. ‘It does highlight a very big problem here: a very large exporting country with a great influence on the market can make unilateral decisions like that.
It causes disturbances of the market.
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Original Source: 
Original date published: 7 September 2010
Source: http://allafrica.com/stories/201009080394.html?viewall=1