Published On: Tue, May 31st, 2011

Oxfam Warns Food Price Will Double in Few Years

food price will double

The cost of staple food will increase more than double in next two decades if urgent action is not taken to change the rules of agriculture in the world. Oxfam warned saying if this remain the condition then hundreds of millions more people can face hunger.

According to the charity forecast by 2030 the average cost of main crops for poor that is maize will rise in between 120% to 180%. And the hike in the crop price is due to the impact of climate change. Oxfam in its report Growing a Better Future predict that “Depleting natural resources, a scramble for fertile land and water, and the gathering pace of climate change is already making the situation worse”. As per Oxfam the danger caused due to exceeding demand over production is a threat to erase the steady progress in the fight of against hunger which is made over recent decades.

Now the situation calls the world leaders to improve the food markets regulation and invest in a global climate fund. After illustrating the international inequalities, it is seen that in Philippines people spend nearly four times of their income on food like UK people. And the Indian people spend two times the UK average. According to the charity the Indian people spend a proportion of their income on milk costing £10 per liter and £6 for one kilo of rice; therefore tomorrow it launches a campaign to improve the global rules for agriculture.

Barbara Stocking the chief executive of Oxfam said there should be improvement in the food system if people want to overcome the pressing challenges of change in climate, increase in food prices and the scarcity of land, energy and water.

Oxfam in its report highlighted four food insecurity places which are already facing problem to feed their citizens.

•    The charity says in Guatemala nearly 865000 people are facing risk of food insecurity because the state lacks to invest in smallholder farmers and they are mostly dependent on imported foods.

•    In comparison to UK resident in India people spend more than twice proportion of their income of food and pays nearly £10 for 1 liter of milk and £6 for 1 kilo of rice.

•    In Azerbaijan last year the production of wheat decreased by 33% because of poor weather which forced the country to import grains from Russia and Kazakhstan. Compared to December 2009 the food prices raised by 20% higher in December 2010.

•    In East Africa nearly eight million people are facing chronic food problem because of drought and among them women and children are facing major problem.

Now the World Bank is also warning that the rise in food stuff is pushing several people into extreme poverty.