UN food agency, OECD says global food prices to rise, investment needed to boost output


Fox News

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.

Governments need to find ways to give farmers access to technology to increase output and get more of their crops to market, the agencies said in a report, "Agricultural Outlook 2013-2022."
"We would urge governments around the world to begin to shift and to shift quickly from old-style policies to a greater focus on productivity and innovation," said Ash [director general of the OECD's trade and agriculture division]. "If we carry on blissfully as if nothing has changed in the world, there could be a problem."

The full article is available here.

See an article on the report in Deutsche Welle

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