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AVOIDINGAFOODCRISISbySenatorEdgardoJ.Angara
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FAOFoodPriceIndex
FAOsFoodPrice
Indexroseforthe8thconsecu6vemonth.
Itisatitshighest
levelsincetheindexwasfirsttrackedin
1990
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WorldBanks
FoodPriceIndexroseby
15%between
October2010toJanuary
2011.
GlobalPricesofKeyFoodCommodi6es
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Localricepricesincreasedin
somekeyareas,
includingCebu&Davao
Davao
Cebu
Cotabato
Zamboanga
Tacloban
Cabanatuan
Tugegarao
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CLIMATECHANGE
A LEADING CULPRIT
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RUSSIA20%
of Russias wheat harvestwiped out due towidespread drought &wildfires
Wildfires in RussiaJuly-August, 2010
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CANADA25%
of Canadas wheatproduction rate ofdecrease due tounexpectedexcessive rainfall
Damaged wheat in CanadaJuly 2010
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AUSTRALIA50%
drop on Australias wheatharvest due tounprecedented floods
Floods in AustraliaJanuary 2011
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CHINA
1.3BChinese population whoneed imported grain afterdust storms and winterdrought destroyed wheatharvest
Dust Storms & Winter Drought inthe North China Plain
March 2010
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USA
Harvest of the U.S. andArgentina, the worlds topwheat producers, arepredicted to fall belowexpectations
Argentina
Floods in NashvilleTennessee, USA
May 2010
BusinessWeekJan 20, 2011
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THAILAND7%
decrease in Rice outputfrom Thailand, the worldstop rice exporter
Floods in ThailandOctober 2010
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FOO
D_
FUEL
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2007Report:
$100Per barrel= 3% to13%
OilPrice Farmgateprice
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CrudeOilPriceperB
arrel
$105.02As of March 8, 2011
MiddleEast Dubai
$110.63As of March 7, 2011
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Thisweek
Priceincreaseatgassta6onslocally
Fuel Increase
Gasoline P4.75Diesel P4.25
Kerosene P4.75
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Harvestfor
foodorfuel?
Foodintofuelto
loweroilprices
orfoodtoeat?
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Dangers ofinaction
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The experience of Egypt and Tunisia,where high food prices resulted to
ouster of their presidents, provides usvaluable lessons.
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LESSON:
Inaction is a dangerous choice.
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We have yet to see thecurrent administration craft a
coherentplan that will
ensure the sufficiency of ourfood supply and the stability
of food prices.
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ing AGRICULTURE
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thedevelopingworldneedstodoublefoodproducAonby2050
tofeeditsgrowingpopulaAon
1979 2007
17% 5.5%
Thishascontributedtoa
sharpincreasein
globalhunger.
Of,icialdevelopment
assistancetoagriculture
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Idealforthe
developingworldPHLs
2011Budget
$200B PB
AnnualBudgetfor
Agriculture
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We badly need a
NEW GREENREVOLUTION!
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1
2
3
Wemustconsistentlyincrease
investmentinagriculture:
Support for infrastructure, goodirrigation and post harvest network.
Modernize , harness innovations toimprove production.
R&D focused on more efficientbreeding and best farmingpractices.
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4
Lastly
Resilience to climatechange.
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The coming food crisis
could be mere snippets ofglobal food insecurity in
the next 30, 40 years,unless we take decisive
action on agriculture and
the environment now.
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Thankyou
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