The World Bank and aid agencies estimate soaring food prices could push as many as 100 million more people into hunger. About 850 milion are already hungry.
Ban estimated the "global price tag" to overcome the food crisis would be US$ 15 billion to US$ 20 billion a year and that food supply had to rise 50% by the year 2030 to meet climbing demand.
"Some countries have taken avtion by limiting exports or by imposing draft controls." he said. This "distorts markets and force prices even higher. I call on nations to resist such measures and to immediately release exports designated for huminatarian purposes."
In his speech on Tuesday, Fukuda pledged to provide US$ 50 million to help developing contries, including those in Africa, increase agricultural food production, in addition to the US$ 100 million in aid already implemented this year.
Source: Japan times, June 4, 2008.
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