Policy makers and media have placed the blame for skyrocketing food prices on a variety of factors, including high fuel prices, bad weather in key food producing countries, and the diversion of land to non-food production. Increased emphasis, however, has been placed on a surge in demand for food from the most populous emerging economies. It seems highly probable that mass consumption in these countries could be well poised to create a food crisis.

With reference to the above passage, the following assumptions have been made:

1. Oil producing countries are one of the reasons for high food prices.

2. If there is a food crisis in the world in the near future, it will be in the emerging economies.

Which of the above statements is/are valid?

Options