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The truth about food

Rises in world food prices may hurt city-dwellers, but they do not increase global hunger

As everyone knows, the price of many basic foodstuffs has surged in the past half year. Rice tripled in price over just the first four months of 2008, wheat doubled and corn rose 46 per cent. The New York Times has dubbed this a “world food crisis” and the Economist called it a “silent tsunami.” High grain import prices, on top of high fuel prices, place an acute economic squeeze on urban consumers in developing countries that depend heavily on the world market. In Haiti, Egypt, Cameroon, Ivory Coast, Senegal and Ethiopia, the urban poor have been taking to the…

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