It is no surprise to many around the world that raising food prices are on the horizon.
Social unrest instigated by rising food costs is predicted to continue all over the world.
“Food price volatility featuring high prices is likely to continue and possibly increase,” the Food and Agriculture Organization, the World Food Program and the International Fund for Agricultural Development said in the joint report.
“Demand from consumers in rapidly growing economies will increase, population continues to grow, and further growth in biofuels (displacing food crops) will place additional demands on the food system.”
The report said that poor farmers and consumers in small importer countries, particularly in Africa, would be more vulnerable to shortages as a result.
