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Article

16 Feb 2011

Author:
Jill Chin, CSR Asia

Rising food prices

[T]he Food and Agriculture Organisation of the United Nations (FAO) announced that world food prices surged to a new historic peak in January...A sobering truth of the state of world hunger stands today: 1.02 billion people, one sixth of humanity, are undernourished...little has been done to address the structural problems that exist throughout the complex global food system. At the corporate level, these issues include large-scale foreign investments that skew production to export crops, undermining of local food staple crops, and underinvestment in local and regional market infrastructure...Responsible investment principles are necessary to ensure that local people are not unfairly dispossessed of land or farming rights [refers to Nestle, Unilever, Tata Chemicals, China National Salt Industry, Dean's Beans]