Japan announces $ 50 mn in food aid for developing nations
Japan announced Friday it will provide $50 million in new emergency food aid to help developing countries cope with the impact of soaring food prices.
By Agencies |
TOKYO: Japan announced Friday it will provide $50 million in new emergency food aid to help developing countries cope with the impact of soaring food prices.
Foreign Minister Masahiko Komura said Tokyo will distribute the aid by October, in addition to $ 200 million it had already pledged to help fight the global food crisis.
The crisis is expected to be a top item on the agenda of the Group of Eight summit, which Japan is hosting on the northern island of Hokkaido July 7-9.
The world is grappling with surging prices of corn, wheat, rice, soybeans and other agriculture products. The price hikes are blamed on a range of factors including high oil prices, changing diets, urbanization, expanding populations, extreme weather, growth in biofuel production and financial speculation.
Rising food prices have set off riots and protests from Africa to Asia and raised fears about a global food crisis that could cause millions more people to suffer malnutrition.
Foreign Minister Masahiko Komura said Tokyo will distribute the aid by October, in addition to $ 200 million it had already pledged to help fight the global food crisis.
The crisis is expected to be a top item on the agenda of the Group of Eight summit, which Japan is hosting on the northern island of Hokkaido July 7-9.
The world is grappling with surging prices of corn, wheat, rice, soybeans and other agriculture products. The price hikes are blamed on a range of factors including high oil prices, changing diets, urbanization, expanding populations, extreme weather, growth in biofuel production and financial speculation.
Rising food prices have set off riots and protests from Africa to Asia and raised fears about a global food crisis that could cause millions more people to suffer malnutrition.
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