31 May 2011

Warning food prices set to double

3:52 pm on 31 May 2011

Prices of staple foods will more than double in 20 years unless world leaders take action to reform the global food system, an aid agency has warned.

In a new report, Oxfam says while world population is expected to reach nine billion by 2050, agricultural production has halved since 1990.

The report Growing a Better Future predicts the prices of key staple foods, such as maize, could increase by up to 180% by 2030.

Despite decades of progress in the fight against hunger, Oxfam argues that now, unless the global food production system is radically reformed, millions more will go hungry, the BBC reports.

Researchers blame a lethal combination of bad management, lack of investment in agriculture and climate change, which are producing the current high and volatile food prices.