Sunday, June 1, 2008

Food Crisis in Sri Lanka and the World

"Global Food Crisis and the local Rice Prices"

This newspaper article was written by my father Dr. Parakrama Waidyanatha and was published in the Sunday Observer - .... worth a read.

Especially quotes such as (extracted directly from article) --
:: Over a 100 million poor who spend 50 - 70% of their earnings on food
:: Food prices have risen by 83% globally over the last three years
:: U.S is diverting an amount equivalent to its entire export volume of corn for biofuel
:: farmgate price of paddy is an all time high, but the cost of production is relatively low
:: the heavy fertilizer subsidy of about 400% of the actual cost