Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Africa Needs ‘Green Revolution’ to Buffer Food Prices, Lula Says

Feb. 7 (Bloomberg) -- African countries should pursue a “green revolution” to protect the world’s poorest continent from rising global food prices, said former Brazilian President Luiz Inacio Lula da Silva.

“There can be no sovereignty without food sovereignty,” he told a meeting of the World Social Forum in Dakar, Senegal, today. “I am convinced that Africa has all the conditions necessary to follow the path trailed by Brazil, with the promotion of a green revolution.”

An index of 55 food commodities climbed 3.4 percent to a record 231 points in January from a month earlier, according to the United Nations’ Food and Agricultural Organization. Prices rose 25 percent in 2010, sparking concern of a return to high costs that hindered economies and caused riots in 2008.

Lula urged African countries to unite politically and distance themselves from “the major world powers” by forging ties with other developing nations. “Those who give us lessons on how to manage our own economies were not able to avoid the crisis that overtook their own countries and from there, all of humanity,” he said.

The former leader, who said he visited 29 African countries during his eight-year term, said the continent “has more relevance than ever” to other developing nations like Brazil.

To contact the reporter on this story: Drew Hinshaw in Dakar via Accra at ebowers1@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.