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Monday
May302011

Global Food Prices to Double by 2030, Report Says

Ablestock/Thinkstock(LONDON) -- Global food prices are likely to double within the next 20 years, according to Oxfam International.  But the global confederation, which seeks out solutions to worldwide poverty and injustice, says that it is up to world leaders to initiate reforms within the global food system to avoid the looming increases.

According to the Oxfam report, "Growing a Better Future," the average cost of the most essential crops will increase by between 120 and 180 percent.  The organization attributes up to half of the increase to climate change.  The rising costs will surely push millions into poverty around the world, Oxfam warns.

To help remedy the future impact of food price increases, Oxfam is asking world leaders to examine current food regulation and consider investing in a global climate fund.

"The food system must be overhauled if we are to overcome the increasingly pressing challenges of climate change, spiraling food prices and the scarcity of land, water and energy," Barbara Stocking, Oxfam's chief executive, said.

Copyright 2011 ABC News Radio







ABC News Radio