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AVOIDINGAFOODCRISISbySenatorEdgardoJ.Angara

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FAOFoodPriceIndex

FAOsFoodPrice

Indexroseforthe8thconsecu6vemonth.

Itisatitshighest

levelsincetheindexwasfirsttrackedin

1990

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WorldBanks

FoodPriceIndexroseby

15%between

October2010toJanuary

2011.

GlobalPricesofKeyFoodCommodi6es

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Localricepricesincreasedin

somekeyareas,

includingCebu&Davao

Davao

Cebu

Cotabato

Zamboanga

Tacloban

Cabanatuan

Tugegarao

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CLIMATECHANGE

A LEADING CULPRIT

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RUSSIA20%

of Russias wheat harvestwiped out due towidespread drought &wildfires

Wildfires in RussiaJuly-August, 2010

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CANADA25%

of Canadas wheatproduction rate ofdecrease due tounexpectedexcessive rainfall

Damaged wheat in CanadaJuly 2010

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AUSTRALIA50%

drop on Australias wheatharvest due tounprecedented floods

Floods in AustraliaJanuary 2011

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CHINA

1.3BChinese population whoneed imported grain afterdust storms and winterdrought destroyed wheatharvest

Dust Storms & Winter Drought inthe North China Plain

March 2010

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USA

Harvest of the U.S. andArgentina, the worlds topwheat producers, arepredicted to fall belowexpectations

Argentina

Floods in NashvilleTennessee, USA

May 2010

BusinessWeekJan 20, 2011

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THAILAND7%

decrease in Rice outputfrom Thailand, the worldstop rice exporter

Floods in ThailandOctober 2010

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FOO

D_

FUEL

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2007Report:

$100Per barrel= 3% to13%

OilPrice Farmgateprice

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CrudeOilPriceperB

arrel

$105.02As of March 8, 2011

MiddleEast Dubai

$110.63As of March 7, 2011

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Thisweek

Priceincreaseatgassta6onslocally

Fuel Increase

Gasoline P4.75Diesel P4.25

Kerosene P4.75

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Harvestfor

foodorfuel?

Foodintofuelto

loweroilprices

orfoodtoeat?

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Dangers ofinaction

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The experience of Egypt and Tunisia,where high food prices resulted to

ouster of their presidents, provides usvaluable lessons.

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LESSON:

Inaction is a dangerous choice.

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We have yet to see thecurrent administration craft a

coherentplan that will

ensure the sufficiency of ourfood supply and the stability

of food prices.

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ing AGRICULTURE

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thedevelopingworldneedstodoublefoodproducAonby2050

tofeeditsgrowingpopulaAon

1979 2007

17% 5.5%

Thishascontributedtoa

sharpincreasein

globalhunger.

Of,icialdevelopment

assistancetoagriculture

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Idealforthe

developingworldPHLs

2011Budget

$200B PB

AnnualBudgetfor

Agriculture

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We badly need a

NEW GREENREVOLUTION!

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1

2

3

Wemustconsistentlyincrease

investmentinagriculture:

Support for infrastructure, goodirrigation and post harvest network.

Modernize , harness innovations toimprove production.

R&D focused on more efficientbreeding and best farmingpractices.

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4

Lastly

Resilience to climatechange.

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The coming food crisis

could be mere snippets ofglobal food insecurity in

the next 30, 40 years,unless we take decisive

action on agriculture and

the environment now.

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Thankyou

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