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Food prices 'will double by 2030', Oxfam warns | Food prices 'will double by 2030', Oxfam warns |
(about 6 hours later) | |
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. | 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. | 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. | 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. | 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. | "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 | Women and children |
In its report, Oxfam highlights four "food insecurity hotspots", areas which are already struggling to feed their citizens. | In its report, Oxfam highlights four "food insecurity hotspots", areas which are already struggling to feed their citizens. |
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The World Bank has also warned that rising food prices are pushing millions of people into extreme poverty. | 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. | 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. | Oxfam wants nations to agree new rules to govern food markets, to ensure the poor do not go hungry. |
It said world leaders must: | It said world leaders must: |
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"We are sleepwalking towards an avoidable age of crisis," said Ms Stocking. | "We are sleepwalking towards an avoidable age of crisis," said Ms Stocking. |
"One in seven people on the planet go hungry every day despite the fact that the world is capable of feeding everyone." | "One in seven people on the planet go hungry every day despite the fact that the world is capable of feeding everyone." |
Among the many factors driving rising food prices in the coming decades, Oxfam predicts that climate change will have the most serious impact. | Among the many factors driving rising food prices in the coming decades, Oxfam predicts that climate change will have the most serious impact. |
Ahead of the UN climate summit in South Africa in December, it calls on world leaders to launch a global climate fund, "so that people can protect themselves from the impacts of climate change and are better equipped to grow the food they need". | Ahead of the UN climate summit in South Africa in December, it calls on world leaders to launch a global climate fund, "so that people can protect themselves from the impacts of climate change and are better equipped to grow the food they need". |