The fluctuations of global food prices coupled with the global financial crisis are threatening global food security. As a result, the number of people suffering from hunger and malnutrition grows and the progress towards the achievement of the Millennium Development Goals may be reversed.
This challenge should be addressed without delay in a comprehensive manner through resolute action by all governments and the relevant international agencies. The developed and developing countries should address the food security issue according to the principle of common but differentiated responsibility. The developed countries should provide financial and technology support for developing countries in the field of food production capacity. The BRIC countries welcome various initiatives in this field by the UN and its special agencies. The BRIC countries renew their commitment to contribute to the efforts to overcome the global food crisis.
Countering effectively the global food crisis is impossible without a clear and full understanding of its causes. Attempts to explain food price hikes by an increase in consumption in developing countries obscure the true causes which have a complex and multifaceted nature.
Global climate change and natural disasters have direct implications on food security through changes in agro-ecological conditions. Current global economic and financial crisis also has negative impact on food security through shrinking financial resources available to agriculture sector. Restricted market access and trade-distorting subsidies in developed countries have also hampered the development of food production capacity in developing countries over the last thirty years. Further, global market conditions have not created adequate incentives for the expansion of agricultural production in developing and least developed countries that have become main importers of food products.
It is also important to assess the challenges and opportunities posed by the biofuels production and use in view not only of the world's food security, but also of the energy security and sustainable development needs. An international cooperation mechanism needs to be established to review and reevaluate the long-term implications of the development of biomass energy and develop relevant policy guidance accordingly.