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Global food prices hit record high in January: FAO
Global food prices reached a new record peak in January, the UN Food and Agriculture Organization ( FAO) warned on Thursday in an update of its Food Price Index.According to FAO,jordan women boots, food prices have been steadily rising since the last seven months. The food price index averaged 231 points in January,dunk women boots, up 3.4 percent from December 2010. The rise, the highest since FAO started measuring food prices in 1990, was mainly due to surging international wheat and maize prices amid tightening supplies.
While ruling out a new food crisis similar to that of 2007-2008, the Rome-based agency has repeatedly urged countries not to underestimate hiking food prices,ken griffey jr shoes, especially in front of a long- term trend which may trigger excessive market volatility."The new figures clearly show that the upward pressure on world food prices is not abating," said FAO economist and grains expert Abdolreza Abbassian.
"These high prices are likely to persist in the months to come and this is of major concern especially for low-income food deficit countries that may face problems in financing food imports and for poor households which spend a large share of their income on food," he warned.The only encouraging factor, added Abbassian, so far stems from a number of countries, where due to good harvests domestic prices of some of the food staples remain low compared to world prices.
New prime minister elected in Nepal
Nepali Parliament has finally succeeded to elect the nation's 34th prime minister, ending the seven-month-long deadlock in the prime ministerial elections.Jhalanath Khanal, Chairman of the third largest party,jordan heels, Communist Party of Nepal -(Unified Marxist Leninist) (CPN-UML), became the new prime minister of the nation.
Constituent Assembly (CA) Chairman Subas Nembang announced that the majority is in the Khanal's side with the majority of the votes.As per the rule, the prime ministerial candidate has to get simple majority votes -- 301 votes out of 599 lawmakers in the parliament.
Khanal,cheap jordan high heels, who was supported by the Unified Communist Party of Nepal- Maoist,jordan 2011, received 368 votes from the total 597 present CA members.He defeated two other candidates Nepali Congress Parliamentary Party leader Ram Chandra Poudel who got 122 votes and United Madhesi Democratic Front Chairman Bijay Kumar Gachhadar who got 67 votes in Thursday's election.
CA Chairman Nembang congratulated the new prime minister of the country,dunk heels, who will bear the responsibility of contentious issues of the nation that are constitution drafting, peace process and army integration.Nepal has been running under a caretaker government for more than seven months after former Prime Minister Madhav Kumar Nepal announced his resignation on June 30, 2010.
After the resignation of Nepal, the legislature-Parliament had held 16 rounds of parliamentary voting, but still failed to pick a new prime minister. The futile election had ran without any seriousness in the party leaders.On Jan. 25, a proposal passed by the legislature-Parliament amended its regulations for the prime ministerial election to give it a concrete end within three rounds of election.
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