UN food agency, OECD says global food prices to rise, investment needed to boost output
Published 06 June 2013
Rising global food demand will push up prices 10 to 40 percent over the coming decade and governments need to boost investment to increase farm production, a forecast by two international agencies said Thursday.
Growth in food production has slowed over the past decade even as rising incomes in developing countries boosted consumption, said the U.N. Food and Agriculture Organization and the Organization for Economic Cooperation and Development.
"We're observing slower growth in production and productivity, and that is a concern," said Merritt Cluff, an FAO economist, at a news conference.