Rome (Agenzia Fides) – The increase in the cost of basic food items on a worldwide level is having more and more drastic affects on the lives of millions of people. This is the most alarming and dramatic announcement of recent months, as a food crisis continues to spread on a global level. The continent that is most affected by the soaring prices- also due to the heavy speculation component – is Africa, however the situation in various Asian nations is becoming quite critical, as well. For example, the increase in the cost of rice and grain have caused difficulties in a vast area including several southeastern Asian countries. The FAO launched a warning on the rise in the prices of agricultural products just days before the world food summit is scheduled to take place in Rome, June 3-5, upon the initiative of the UN entity itself.