Iowa Public Television

 

Global food prices seen rising

posted on June 7, 2013


FOOD INFLATION: Two international agencies say 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.

PRODUCTION LAG: 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.

TECHNOLOGY KEY: 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.


Tags: food prices global demand inflation U.N. Food and Agriculture Organization