Datuk Seri Noh Omar was commenting on CAP’s call that the Ministry cancels the arowana breeding project that would adversely affect paddy growing area in the Kerian District and involves widespread water pilfering from the irrigation canals. The project will also affect the water supply of 200,000 residents in nearby towns.
The recent steep rise in wheat prices has raised fears of another global food crisis. It is the banks and hedge funds speculating on the price of food that are primarily responsible for this spike in prices.
In just one month in July 2010, the price of wheat increased by 60%. The huge increase in the price has already led to people across the world paying more for the staple food. The sudden change in the price of wheat has had knock-on effects on other crops. The global maize price increased by 40% between the start of July and the end of August.
The prices of staple foods are already escalating to worrying levels and a number of governments are resorting to urgent measures to address the situation.