fao

Tags: un

2008 Food Price Hike

• https://twitter.com/Comparativist/status/1246661746397310976
• Used by the Gates Foundation, CGIAR, and FAO to make a new push, sending Africans to the Philippines to leanr how to grow wet paddy rice
• Price hike likely caused by a mix of commodities speculation and turning crops into biofuels
• comparative advantage is why food self-sufficiency wasn’t a problem, more profits from growing coconuts than rice in some countries
  • palm oil in Indonesia
  • flowers in Kenya
    • https://www.bloomberg.com/features/2020-flower-industry-crash/

2020 covid crisis

• http://www.fao.org/worldfoodsituation/foodpricesindex/en/
• FAO thinks food price is falling
• biofuel demand has collapsed with oil prices
• food export bans: https://www.caixinglobal.com/2020-04-02/multiple-countries-ban-food-exports-as-demand-spikes-fuel-shortage-fears-101538002.html
• syria needs 650k tons of wheat
  • https://twitter.com/Elizrael/status/1238201398325587968
• https://www.nytimes.com/2020/04/11/business/coronavirus-destroying-food.html