The Food Price Rollercoaster

Rising Food Prices Food Price Rollercoaster between September 2007 & April 2011 Protests in Burkina Faso, Indonesia, Senegal, Gabon, Cambodia, Jordan, Cote d'Ivoire, Bangladesh, Egypt and Haiti FAO Food Price index hits record high. Countries introduce export bans Pakistan hit by monsoon floods Number of hungry people over 1 Billion for the first time Lehman brothers bankrupt, financial crisis hits Drought, fires decimate Russia's grain crop May Feb June Feb Jan Jun Apr 07 08 08 09 10 10 11 Source: United Nations Food and Agriculture Organisation RISING FOOD PRICES Rising food prices have pushed 44 million people into extreme poverty and hunger since June 2010. EXTREME POVERTY AND HUNGER That's twice the population of Australia Family spending on food USA (7%) Guatemala (36%) Kenya (45%) Azerbaijan (49%) Source: US Department of Agriculture KEY % of income spent on food % of income remaining for other bills A poor family in a poor country spends as much as 70% of its income on food. Food (70% of total income) Everything else (30%) School, Medicine, Ciothing, Rent What happens when food prices go up? Food (85% of total income) Everything else (15%) School, Medicine, Clothing, Rent Rising Food Prices Food Price Rollercoaster between September 2007 & April 2011 Protests in Burkina Faso, Indonesia, Senegal, Gabon, Cambodia, Jordan, Cote d'Ivoire, Bangladesh, Egypt and Haiti FAO Food Price index hits record high. Countries introduce export bans Pakistan hit by monsoon floods Number of hungry people over 1 Billion for the first time Lehman brothers bankrupt, financial crisis hits Drought, fires decimate Russia's grain crop Мay Feb June Feb Jan Jun Apr 07 08 08 09 10 10 11 Source: United Nations Food and Agriculture Organisation RISING FOOD PRICES Rising food prices have pushed 44 million people into extreme poverty and hunger since June 2010. EXTREME POVERTY AND HUNGER That's twice the population of Australia Family spending on food USA (7%) Guatemala (36%) Kenya (45%) Azerbaijan (49%) Source: US Department of Agriculture KEY % of income spent on food % of income remaining for other bills A poor family in a poor country spends as much as 70% of its income on food. Food (70% of total income) Everything else (30%) School, Medicine, Ciothing, Rent What happens when food prices go up? Food (85% of total income) Everything else (15%) School, Medicine, Clothing, Rent Rising Food Prices Food Price Rollercoaster between September 2007 & April 2011 Protests in Burkina Faso, Indonesia, Senegal, Gabon, Cambodia, Jordan, Cote d'Ivoire, Bangladesh, Egypt and Haiti FAO Food Price index hits record high. Countries introduce export bans Pakistan hit by monsoon floods Number of hungry people over 1 Billion for the first time Lehman brothers bankrupt, financial crisis hits Drought, fires decimate Russia's grain crop Мay Feb June Feb Jan Jun Apr 07 08 08 09 10 10 11 Source: United Nations Food and Agriculture Organisation RISING FOOD PRICES Rising food prices have pushed 44 million people into extreme poverty and hunger since June 2010. EXTREME POVERTY AND HUNGER That's twice the population of Australia Family spending on food USA (7%) Guatemala (36%) Kenya (45%) Azerbaijan (49%) Source: US Department of Agriculture KEY % of income spent on food % of income remaining for other bills A poor family in a poor country spends as much as 70% of its income on food. Food (70% of total income) Everything else (30%) School, Medicine, Ciothing, Rent What happens when food prices go up? Food (85% of total income) Everything else (15%) School, Medicine, Clothing, Rent Rising Food Prices Food Price Rollercoaster between September 2007 & April 2011 Protests in Burkina Faso, Indonesia, Senegal, Gabon, Cambodia, Jordan, Cote d'Ivoire, Bangladesh, Egypt and Haiti FAO Food Price index hits record high. Countries introduce export bans Pakistan hit by monsoon floods Number of hungry people over 1 Billion for the first time Lehman brothers bankrupt, financial crisis hits Drought, fires decimate Russia's grain crop Мay Feb June Feb Jan Jun Apr 07 08 08 09 10 10 11 Source: United Nations Food and Agriculture Organisation RISING FOOD PRICES Rising food prices have pushed 44 million people into extreme poverty and hunger since June 2010. EXTREME POVERTY AND HUNGER That's twice the population of Australia Family spending on food USA (7%) Guatemala (36%) Kenya (45%) Azerbaijan (49%) Source: US Department of Agriculture KEY % of income spent on food % of income remaining for other bills A poor family in a poor country spends as much as 70% of its income on food. Food (70% of total income) Everything else (30%) School, Medicine, Ciothing, Rent What happens when food prices go up? Food (85% of total income) Everything else (15%) School, Medicine, Clothing, Rent Rising Food Prices Food Price Rollercoaster between September 2007 & April 2011 Protests in Burkina Faso, Indonesia, Senegal, Gabon, Cambodia, Jordan, Cote d'Ivoire, Bangladesh, Egypt and Haiti FAO Food Price index hits record high. Countries introduce export bans Pakistan hit by monsoon floods Number of hungry people over 1 Billion for the first time Lehman brothers bankrupt, financial crisis hits Drought, fires decimate Russia's grain crop Мay Feb June Feb Jan Jun Apr 07 08 08 09 10 10 11 Source: United Nations Food and Agriculture Organisation RISING FOOD PRICES Rising food prices have pushed 44 million people into extreme poverty and hunger since June 2010. EXTREME POVERTY AND HUNGER That's twice the population of Australia Family spending on food USA (7%) Guatemala (36%) Kenya (45%) Azerbaijan (49%) Source: US Department of Agriculture KEY % of income spent on food % of income remaining for other bills A poor family in a poor country spends as much as 70% of its income on food. Food (70% of total income) Everything else (30%) School, Medicine, Ciothing, Rent What happens when food prices go up? Food (85% of total income) Everything else (15%) School, Medicine, Clothing, Rent Rising Food Prices Food Price Rollercoaster between September 2007 & April 2011 Protests in Burkina Faso, Indonesia, Senegal, Gabon, Cambodia, Jordan, Cote d'Ivoire, Bangladesh, Egypt and Haiti FAO Food Price index hits record high. Countries introduce export bans Pakistan hit by monsoon floods Number of hungry people over 1 Billion for the first time Lehman brothers bankrupt, financial crisis hits Drought, fires decimate Russia's grain crop Мay Feb June Feb Jan Jun Apr 07 08 08 09 10 10 11 Source: United Nations Food and Agriculture Organisation RISING FOOD PRICES Rising food prices have pushed 44 million people into extreme poverty and hunger since June 2010. EXTREME POVERTY AND HUNGER That's twice the population of Australia Family spending on food USA (7%) Guatemala (36%) Kenya (45%) Azerbaijan (49%) Source: US Department of Agriculture KEY % of income spent on food % of income remaining for other bills A poor family in a poor country spends as much as 70% of its income on food. Food (70% of total income) Everything else (30%) School, Medicine, Ciothing, Rent What happens when food prices go up? Food (85% of total income) Everything else (15%) School, Medicine, Clothing, Rent