The dramatic increase in global food prices by 83% over the past three years has literally brought the world to its knees. Envoys from 26 Latin American and Caribbean countries are meeting today in Caracas, Venezuela to discuss the issue. A three-day UN food crisis summit in Rome too will follow to draw up a policy to tackle the crisis on Tuesday. According to the UN’s Food and Agriculture Organisation and the Organisation for Economic Co-operation and Development (OECD), the price rise phenomenon is here to stay for long. Experts believe that biotechnology seems to be a viable answer right now. However, can the controversial technology really turn out to be a panacea for 6.6 billion people and growing?
