Food price explosion ‘will devastate the world’s poor’
Food prices will soar by as much as 30% over the next 10 years, the United Nations and Organisation for Economic Co-operation and Development have predicted.
Angel Gurría, secretary-general of the OECD, said that any further increase in global food prices, which have risen by 40% over the past year, will have a “devastating” impact on the world’s poor and is likely to lead to political unrest, famine and starvation. “People are going to be forced either to eat less or find other sources of income.”
The joint UN Food and Agriculture Organisation (FAO) and OECD report predicted that the cost of cereals is likely to increase by 20% and the price of meat, particularly chicken, may soar by up to 30%.
World food prices are already at a near-record high as droughts and floods threaten to seriously damage this year’s harvest. The report said the global harvest is in a “critical” condition and warned that prices will continue to rise until depleted stocks are rebuilt.
Global food prices hit a record high in February, prompting demonstrations across the world. The last extreme food price rise in 2008 led to riots in 20 countries across three continents.
Gurría called on world leaders to ban speculators from pushing up food prices. The G20 will meet in Paris next week to thrash out a deal aimed at imposing strict rules on trading in food commodities and policies that distort global food market.
French president Nicolas Sarkozy has repeatedly attacked hedge funds and specialised financial institutions for pushing up food prices. “Speculation, panic and lack of transparency have seen prices soaring,” he said. “Is that the world we want? France is saying quite clearly it is not.”
He compared the lack of regulation on food price speculators to lax regulation that drove financial markets to the “edge of the abyss” during the 2008 financial crisis.
Yahweh’s Sovereign Rule, or Satan’s dying empire? The hour glass is running out of sand, and the hour is late, because you are all living in the symbolic last hour spoken of in the Word. Look at what is happening around you in this wicked world. Don’t turn a blind eye to all of it. Then make your decision.
Satan receives a symbolic last hour to make his stand. That hour began when the LOZ arrived to bring great tribulation with the bowls of anger. Satan is resisting making his stand, but he will be forced to follow through. Due to the earth’s circumstances, food will become scarce, and you will not be able to purchase anything without his mark. But that mark will not doom you – only your heart condition can do that.
Learn to SEE and read the SIGNS of the LOZ’s casts. These ministers were taught early on in their ministry to read spiritual casts so that like Christ in his last hour, they too would be strengthened in this last hour of Satan’s corrupt world.
Food and Population are two issues that will devastate millions.
As an American Citizen, I am disgusted by the way the Government
lets these huge corporations take over markets and create
crisis.
Corporation = 7 people who want to make money without any risk to them..
Should be illegal…