Wheat price spike raises food insecurity-U.N. expert

Tue Sep 7, 2010 9:12am GMT
 

* Poor countries seen highly vulnerable to price gains

* U.N. expert blames speculation from traders for rises

GENEVA, Sept 7 (Reuters) - Riots over high bread prices in Mozambique and food shortages elsewhere should be a wake-up call for governments which papered over food security problems that arose two years ago, a United Nations expert warned on Tuesday.

"Donors have not delivered on their promises," Olivier De Schutter, the U.N. special rapporteur on the right to food, said during a mission to Syria.

"Most poor countries are still highly vulnerable. They continue to rely for their export revenues on a limited range of commodities, and their food security is excessively dependent on food imports whose prices are increasingly high and volatile." Almost 150 people were arrested in Mozambique after riots over a 30 percent rise in the price of bread, the result of soaring global wheat prices.

Egyptians have also protested over food prices and experts have warned that riots could break out in Africa and the Middle East.

De Schutter, noting that Syria was also affected by severe drought, said that increasing food and fuel prices hurt poorer countries most, especially those reliant on imports.

"Price increases are exacerbated by speculation from unregulated traders, and they are transmitted directly to households, who often spend 60 to 70 per cent of their incomes on food," he said.   Continued...

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