‘Doomsday’ seed vault opens in Arctic

Frozen ‘Garden of Eden’ secures biological diversity for future generations

LONGYEARBYEN, Norway – A “doomsday” seed vault built to protect millions of food crops from climate change, wars and natural disasters opened Tuesday deep within an Arctic mountain in the remote Norwegian archipelago of Svalbard.

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World warned on high food costs – BBC NEWS

UN Secretary General Ban Ki-moon has said he is deeply concerned about the sharp rise in global food prices.

Mr Ban said the trend would hinder progress towards the millennium development goals (MDGs), which aim to halve extreme poverty by 2015.

The UN World Food Program (WFP) and other agencies may be forced to ration food aid, he said in a BBC interview.

He said shortages might be eased by a “green revolution” to transform farming methods in Africa.

Global food prices have risen by 40% in nine months and food reserves are at their lowest for 30 years.

The WFP is facing a $500m (£248m) shortfall in its attempts to feed 73 million people this year.

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Famines May Occur Without Record Crops This Year


Feb. 20 (Bloomberg) — Grain farmers will need to harvest record crops every year to meet increasing global food demand and avoid famine, Potash Corp. of Saskatchewan Inc. Chief Executive Officer William Doyle said.

People and livestock are consuming more grain than ever, draining world inventories and increasing the likelihood of shortages, Doyle said yesterday in an interview on Bloomberg Television. Global grain stockpiles fell to about 53 days of supply last year, the lowest level since record-keeping began in 1960, according to the U.S. Department of Agriculture.

“If you had any major upset where you didn’t have a crop in a major growing agricultural region this year, I believe you’d see famine,” Doyle, 57, said in New York.

Potash, the world’s largest maker of crop nutrients, has more than doubled in market value in the past year as record crop prices allowed farmers to spend more on fertilizer to boost yields. The company has more than doubled net income in the past two years to $1.1 billion and expects gross profit from potash to expand to $8 billion within five years from $912 million in 2007. Potash is a form of potassium that helps plants grow.

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