iBankCoin
Joined Nov 11, 2007
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Oxfam: Food Prices to more Than Double Without Restructuring

“The prices of staple foods will more than double in 20 years unless world leaders take action to reform the global food system, Oxfam has warned.

By 2030, the average cost of key crops will increase by between 120% and 180%, the charity forecasts.

Half of that increase will be caused by climate change, Oxfam predicts, in its report Growing a Better Future.

It calls on world leaders to improve regulation of food markets and invest in a global climate fund.

“The food system must be overhauled if we are to overcome the increasingly pressing challenges of climate change, spiralling food prices and the scarcity of land, water and energy,” said Barbara Stocking, Oxfam’s chief executive.

Women and children

In its report, Oxfam highlights four “food insecurity hotspots”, areas which are already struggling to feed their citizens.”

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2 comments

  1. Ben B

    That’s all right, rising food costs don’t count toward inflation. Imagine how cheap Ipads will be by then.

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  2. CRONKITE

    cool Ben…please evaporate my savings.

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