Quantcast
Latest Stories

Nestle chief warns of new food riots


VIENNA—The head of the world’s biggest food company Nestle said Friday that rising food prices have created conditions “similar” to 2008 when hunger riots took place in many countries.

“The situation is similar (to 2008). This has become the new reality,” the Swiss giant’s chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview.

“We have reached a level of food prices that is substantially higher than before. It will likely settle down at this level.

“If you live in a developing country and spend 80 percent of your income on food then of course you are going to feel it more than here (in Europe) where it is maybe eight percent.”

In 2008, the price of cereals reached historic levels, provoking a food crisis and riots in a number of African countries, as well as in Haiti and the Philippines.

In September the UN food agency’s food price index came in at 225 points, just higher than the peak it hit in June 2008. It is down from the record 237.7 points hit in February this year.

Food price inflation this year is seen as having contributed to the “Arab Spring” unrest in north Africa and the Middle East and there are fears of fresh unrest elsewhere.

The increases are blamed on speculative commodity trading, climate change, rising populations and changing eating habits in countries like India and China, most notably an increase in meat consumption by a growing middle class.

Brabeck-Letmathe said another factor was water, saying humans were “using more water than is sustainable” and calling for the price of water to rise in order to encourage firms and consumers to be less wasteful.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Agriculture , Food , food security

  • Anonymous

    Major brands always give out their popular brand samples (in a way to promote the products) best place on the internet is “Get Official Samples” find them & enjoy your samples

  • Anonymous

    Malabong mangyari yan sa Pinas, well indoctrinated na ang mga pinoy sa pagiging fatalistic ng pananaw sa kalagayan nila. Of course, with the help of print/broadcast media and Christianity. Tangap na tangap na ng mga pinoy yun nakawan ng mga halal na opisyal ng bansa parang natural law ang mga iyan, kaya nga lagi na lang masasabi ng iba, “Weder weder lang yan” hehe…

    Ito namang mga nasa simbahan, mga reverend and holy men ang laging pina alalahanan ang mga parokyano ng., “…look not at the sin of your Church but at your faith” kada misa. So naging mindset na natin mag kibit balikat na lang sa kabalbalan ng ilan sa mga nasa simbahan pati na rin yun mga nasa gobyerno kasi nga may faith tayo sa demokrasya di ba, magpatawad na lang daw tayo sa nakawan at Diyos na lang ang bahala sa mga magnanakaw.

    Plus dahil sa walang sawang sensationalism ng media sa mga issues naging manhid na tuloy ang mga pinoy sa mga walang katapusang akusasyon, imbestigayon at expose in aid of reelection sa senado at kongreso na wala namang resulta. Dahil sa ugaling langaw ng mga media nagagamit din sila ng di nila alam para i-divert sa ibang issue ang attention ng publiko.

    Kaya majority sa mga pinoy ay socially apathetic na plus fatalistic na yun pananaw nila sa kalakaran ng bansang Pilipinas.

  • http://joboni96.myopenid.com/ joboni96

    hanggang ang mga middlemen
    tulad ng nestle
    ang nakikinabang
    at hindi ang mga magsasaka

    mababa ang produksyon ng pagkain

    tignan mo na lang sa palay
     
    mga intsik ang yumayaman – rice cartel
    hindi ang mga magsasaka

  • http://pulse.yahoo.com/_742MY6MOTWNTIMMC5D3A3OUZ6M mel

    The attitude of common filipinoes in terms of eating habit is not similar to Western. We simply eat simple food from noodles, daing, tinapa and canned sardines. We have alots of kamotes and saging which are easily grown in the backyard. Kangkong , talong and ampalaya at papaya are very common in all areas including Manila. I guess Filipinoes should capitalized on our rich soil so to avoid food shortages.

  • http://pulse.yahoo.com/_LKSZ7ZW7D4TY5J3TXOWLCXGQZY yuyu

    ANG PASKO AY PARATING NA KASI KAYA,NAGSASALITA ANG HIGANTENG ETO,,DAHIL NATUTUTO NA ANG TAO..GUSTO NITO MABILIS MAUBOS ANG PRODUKTO,,YUN LANG SYEMPRE PATOK NA NAMAN ANG NESTLE CREAM..BWHAAHAHA

  • http://pulse.yahoo.com/_ZUJ5PWPGPIHIHNGC66C5WHKNZA Roberto

    We cannotimmediately, if ever, the climat anymore. We cannot create more water. We cannot stop the changing eating habits where meat needs many times the cereals as animal food than what wi=ould be needed to use as equivalent human food. But at least we should stop the moneyhungry speculants from manipulating commodity prices. When needed with all legal and judicial tools. Because they manipulate not only food.

  • Anonymous

    We can thank the Malthusian Environmental Cabal that now dominates the Developed World for this wholly unnecessary food crisis … fully 40+ percent of the US Corn Crop now goes to the subsidized farce that is Ethanol …. essentially all of Florida’s sugar production was wiped out and sacrificed as a burnt offering to the Moloch that is called “Wetlands” …. in the days of the Old Republic U.S. farmers were paid to STORE surplus grains in Silo’s so that even if there was a bad year there were stable food prices here in the USA and we also had “Food for Peace” programs to help out those who were hurting elsewhere on the Globe. Now our new Global Masters have transmogrified these sane programs into “Weapons of Mass Food Destruction”, farmers are not paid to store food; no farmers are subsidized to put their acres into CRP programs taking more and more farm land out of production. It becomes clearer every day that the “brights” want to literally starve out the 3rd world. This is what happens when a ersatz “post modern” secular society replaces the Republic we inherited from our God fearing founding Fathers.   



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • DOH asks co-passengers of OFW carrier to test for MERS-CoV
  • ‘Shouldn’t we move?’ Ferry evacuation under scrutiny
  • 5.5-magnitude quake hits Sultan Kudarat
  • Passengers denied chance to escape sinking South Korea ferry
  • Firetruck rams California eatery; 15 injured
  • Sports

  • PH youth boxers off to stumbling start in AIBA World tilt
  • Durant has 42, Thunder beat Pistons 112-111
  • Walker leads Bobcats over Bulls in OT, 91-86
  • Man City slips further out of title contention
  • Federer would skip tennis to be with wife, newborn
  • Lifestyle

  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • Entertainment

  • Will Arnett files for divorce from Amy Poehler
  • American rapper cuts own penis, jumps off building
  • Jay Z to bring Made in America music fest to LA
  • Why Lucky has not bought an engagement ring for Angel
  • Derek more private with new girlfriend
  • Business

  • Asia stocks fail to match Wall Street gains
  • Fired Yahoo exec gets $58M for 15 months of work
  • PH presses bid to keep rice import controls
  • PSEi continues to gain
  • Number of retrenched workers rose by 42% in ’13
  • Technology

  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Syria most dangerous country for journalists, PH 3rd—watchdog
  • Japan says visa-free entry still a plan
  • First Fil-Am elected to Sierra Madre, Calif. city council
  • UC Irvine cultural night to dramatize clash of values in immigrant family
  • Filipino sweets and info served at UC Berkeley Spring Fest
  • Marketplace