• Most Popular
  • Most Shared

U.S. plans new steps to ease food shortage: Rice

WASHINGTON
Thu Apr 17, 2008 11:30am EDT

WASHINGTON (Reuters) - The United States hopes to announce fresh steps in the coming weeks to help alleviate food shortages around the globe, U.S. Secretary of State Condoleezza Rice said on Thursday.

Barack Obama

Rice noted that President George W. Bush earlier this week ordered the release of $200 million in U.S. emergency food aid to help developing countries in Africa and elsewhere.

She said this was on top of an extra $350 million the Bush administration requested from Congress for emergency food assistance this year. In recent years, the United States has provided more than half of all food aid worldwide, Rice said.

"In the weeks ahead, we hope to announce an even more -- to announce further steps to help ease the burden of rising food prices on the world's neediest people," Rice said at a news conference.

"The rapid rise in global food prices is an urgent concern," she said. "Rising food prices are a source of social instability, as we are seeing in a number of places, around the globe."

She said there were many causes for the higher prices, including global demand, devastating droughts and record-high fuel costs.

"But one thing is clear: This is a current emergency, but it has long-term global challenges," she said, adding that ultimately the world must forge a long-term solution to the rising price of food.

One of the most important steps the world could take would be to successfully complete the World Trade Organization's long-delayed Doha round of negotiations for a global trade deal, Rice said. This "would help to increase agricultural productivity and moderate prices," she said.

(Reporting by Susan Cornwell, editing by Vicki Allen)



More from Reuters

Photo

Investors seen jumping the gun on airport security

BANGALORE (Reuters) - Investors' optimism surrounding the shares of airport security systems makers could be premature as interest in the companies' products after the Christmas Day plane scare is not expected to translate into immediate orders.

Leaves gather in front of an empty and boarded-up house in Youngstown, Ohio November 21, 2009.    REUTERS/Brian Snyder

Castles built on sand

Rust-belt American cities like Youngstown, Ohio were battered by the downturn. Now they're ready to move on, but it won’t be easy. The first in a three-part report.  Full Article 

REUTERS/James Saft

Welcome to the "Teenies"

Shrinking financial sector? Paltry investment returns? Welcome to the the next decade. Don't worry, there's some good news, too.  Commentary