Cabinet is concerned about rising food prices

Cabinet is concerned that the worst US drought in 30 years will have an adverse effect on South African food security by pushing up the prices of cereals and meat‚ says Department of Agriculture‚ Forestry and Fisheries communications director Steve Galane.

By Paul Vecchiatto

26 Sep 2012

Speaking during Friday's post-Cabinet media briefing‚ Galane said that Cabinet would be looking at a range of measures to mitigate the rise in international food prices that could include extending the daily school feeding scheme to times when the pupils were on holiday.

Galane said Cabinet and the department monitored food prices on a regular basis and both were growing increasingly concerned over the price rise.

He said there was increased demand for biofuels and internationally food stocks were low and then the US drought had had also been contributing to the price rise.

"What we have been talking about are short term measures such as the school feeding schemes that give daily meals and whether or not this should be extended to the school holidays‚" he said.

Galane said Cabinet's objective was to ensure that those who would be most affected by the higher food prices would still be able to feed themselves. "The [question] is how to expand these food bank initiatives‚" he said.

SA has more than 12 million children attending school with estimates that up to 90% of them are dependent on the meals they receive through the school feeding scheme.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za