Financial Times FT.com

Security fears over food and fuel crisis

By Carola Hoyos and Javier Blas in London

Published: June 20 2008 22:02 | Last updated: June 20 2008 22:02

Western countries have upgraded the food and fuel crisis into a national security concern as they fear record high energy and agriculture commodity costs are destabilising key developing regions of the world.

The concerns come as the world suffers for the first time since 1973 from the confluence of record oil and food prices. Corn, soyabean and meat prices jumped this week to all-time highs, while oil prices hit a record of almost $140 a barrel.

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