Soaring food prices send millions into poverty, hunger, By John Waggoner, March 17, 2011, USA Today: “Corn has soared 52% the past 12 months. Sugar’s up 60%. Soybeans have jumped 41%. And wheat costs 24% more than it did a year ago. For about 44 million people – roughly the population of the New York, Los Angeles and Chicago metropolitan areas combined – the rise in food prices means a descent into extreme poverty and hunger, according to the World Bank. The surge in food prices has many causes. Rising population. Speculators. Soaring oil prices. Trade policies. And, ironically, improved standards of living in emerging nations. By itself, the soaring cost of food didn’t cause the political unrest in the Middle East and elsewhere. Those tensions have been building for a long time. But higher food prices amplify those tensions…”
Poverty-related issues in the news, from the Institute for Research on Poverty