Global food prices may rise further
Wednesday, 5 December 2007
BEIJING, Dec 04 (Agencies): The global demand for food and its prices are likely to rise further, threatening livelihood and nutrition of poor people in the developing countries.
Food prices are expected to keep rising worldwide in the years ahead due to a number of factors, in turn posing a threat to the world's poor, an international think tank warned Tuesday in a report issued in Beijing.
The International Food Policy Research Institute (IFPRI) cited income growth, climate change, high energy prices, globalisation, and urbanisation as factors which were converging to transform food production, markets, and consumption.
The report "The World Food Situation: New Driving Forces and Required Actions," IFPRI was released at the annual general meeting of the Consultative Group on International Agricultural Research (CGIAR).
Many regions of the developing world, especially China and India, have seen high economic growth in recent years.
Together with an expanding urban population, income growth is altering spending and consumer preferences.
Global food demand is shifting from grains and other staple crops to processed food and high-value agricultural products, such as vegetables, fruits, meat, and dairy.
Food prices are expected to keep rising worldwide in the years ahead due to a number of factors, in turn posing a threat to the world's poor, an international think tank warned Tuesday in a report issued in Beijing.
The International Food Policy Research Institute (IFPRI) cited income growth, climate change, high energy prices, globalisation, and urbanisation as factors which were converging to transform food production, markets, and consumption.
The report "The World Food Situation: New Driving Forces and Required Actions," IFPRI was released at the annual general meeting of the Consultative Group on International Agricultural Research (CGIAR).
Many regions of the developing world, especially China and India, have seen high economic growth in recent years.
Together with an expanding urban population, income growth is altering spending and consumer preferences.
Global food demand is shifting from grains and other staple crops to processed food and high-value agricultural products, such as vegetables, fruits, meat, and dairy.