Source: The Washington Post
By Ariana Eunjung Cha
14 January 2010 - The state of emergency in Tunisia has economists worried that we may be seeing the beginnings of a second wave of global food riots.
Battered by bad weather and increasing demand from the developing world, the global food supply system is buckling under the strain. This month, the U.N. Food and Agricultural Organization (FAO) reported that its food price index jumped 32 percent in the second half of 2010 -- surpassing the previous record, set in the early summer of 2008, when deadly clashes over food broke out around the world, from Haiti to Somalia.
An FAO report noted that "recent bouts of extreme price volatility in global agricultural markets portend rising and more frequent threats to world food security."
In announcing the new numbers, Abdolreza Abbassian, the FAO's chief economist at the FAO, told reporters that "We are entering a danger territory."
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