29 November, 2020

'India Less Vulnerable To Food Crisis'

President of the Rome-based International Fund for Agricultural Development on the global food crisis and its impact on India

'India Less Vulnerable To Food Crisis'
Lennart Bage, president of the Rome-based International Fund for Agricultural Development (IFAD), spoke to Lola Nayar. Excerpts:

On the global food crisis: I am very concerned about food riots and food troubles. Rapidly increasing food prices in so many countries means large parts of the population have been immediately hurt, particularly those living on $1-2 a day. We see people cutting back from three meals a day to one meal a day. It'll be a very serious situation if it continues in several countries. It's also becoming a very difficult political issue.

On an era of more expensive food: It seems so, at least for the short- and most likely medium-term. At least that is the assessment of a large number of experts. One shift from the past is that we see a more direct link between the energy markets and food markets—when there are high oil and energy prices, foodgrains can be used for ethanol production. This is an important link to know and be careful about. But all of us have to say food first—because supplying people with affordable, quality food has...



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