With oil prices rising steeply in recent years, the economic incentive to produce grain-based fuels has risen as well. Taken together these factors have led to growing food shortages and rising prices, (it) that could spell disaster for the world’s poor people, according to B.

       “People on the lower (rounds) rungs of the global economic (level) ladder are just (bearing hung) barely hanging on and (this) as food prices rise, (millions) many are simply losing their (grab) grip and beginning (the) to fall off and what we are looking (on) at in the (appearance of nature prevention) absence of a major intervention, is a very substantial increase in hunger in the world and in mortality rates.”

       For the past 2 years, Australia’s wheat harvest has been lowered by drought. Experts note that Australia is one of (the) many wheat suppliers to the global marketplace, but they add that given the tightness in world grain stocks, any production shortfall (eventually) in virtually any country spells trouble far beyond its (boards) borders.

       S, a research(er) fellow at the Washington based International Food Policy Research Institute, says the margin for error in global food production has been virtually eliminated.  

NEW WORDS:

Steep: a 险峻的

Rung：n 地位

TIPS:

       还是不好，小词：barely，absence of a major intervention, grip，border。