Cost of food to more than double, warns Oxfam
The cost of staple foods will more than double in 20 years, Oxfam warned today.
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, it predicted in its report Growing a Better Future.
It has called on world leaders to improve regulation of food markets and invest in a global climate fund.
Barbara Stocking, Oxfam’s chief executive, said: “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. We are sleepwalking towards an avoidable age of crisis.
“One in seven people on the planet go hungry every day despite the fact that the world is capable of feeding everyone.”
The World Bank has also warned that rising food prices are pushing millions of people into extreme poverty.
In April, it said food prices were 36% above levels of a year ago, driven by problems in the Middle East and North Africa.
Oxfam wants nations to agree new rules to govern food markets, to ensure the poor do not go hungry. Among the many factors driving rising food prices in the coming decades, Oxfam predicts that climate change will have the most serious impact.