Pakistan economy watch: Food crisis to grip Pakistan soon

America is facing its worst drought since 1956 which has reduced the output of wheat, corn, soybean, etc.


Ppi July 24, 2012

ISLAMABAD: The Pakistan Economy Watch (PEW) on Tuesday asked the government to take serious steps to ensure food security in the country as an international food crisis can engulf the world soon. America, one of the major global exporters of food is facing its worst drought since 1956 which has reduced the output of wheat, corn, soybean, etc. pushing their prices to new heights, it said. “Prices of commodities have surpassed the peaks of the 2007-08 crisis that sparked food riots in more than 30 countries”, said PEW President Dr Murtaza Mughal. He said that the situation at home is far from encouraging; flawed policies have left almost all the federal and provincial departments related to agriculture as dysfunctional.

Published in The Express Tribune, July 25th, 2012.

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