VOANews.com

 
Live Streams:  Latest Newscast |  Africa Live |  Global Live
News in 45 Languages
International Report Predicts Decade of High Food Prices


17 June 2009

[insert caption here]
Farm tractor harvesting apples
A report released in Paris says international food prices will likely remain high during the next decade, although they will probably not hit the heights that sparked riots last year. Experts also say the prices will have a mixed impact in developing countries.

Jointly published by the Paris-based Organization for Economic Cooperation and Development and the U.N. Food and Agricultural Organization, the report predicts crop prices will be 10 to 20 percent higher during the next decade than during the previous 10 years.

"The basic message is that because input prices are higher, because biofuel remains high, this is going to keep real prices for agriculture [higher] than in the early part of the decade," said FAO economist Merrit Cluff.

The report also predicts that energy costs and erratic weather may make prices more volatile in the future.  But the report predicts the price hikes are unlikely to be as dramatic as last year, when soaring food prices sparked protests and rioting in developing countries.

Cluff says the current global recession has driven down food costs in some countries, but not in all.

"In many countries, particularly low-income countries, income has been worse, the prices have remained relatively high.  So the food security situation is perhaps a much at risk, perhaps more at risk than last year," Cluff said.

Meanwhile, Cluff says chances of higher food prices in the future are a mixed blessing.  While farmers in Africa and other developing countries will benefit, net food consumers, notably those living in urban areas, are likely to suffer.

The organizations believe farmers have the capacity to increase food production in the coming years.  But experts say governments and individuals must also invest more in the farming sector, notably in infrastructure, training, and agricultural inputs like fertilizer.  


E-mail This Article E-mail This Article
Print This Article Print Version
  Related Stories
US Cost of Living Falls at Sharpest Rate in Decades
Oil Prices Rise as Dollar Weakens
French President Calls for Regulation of Globalization
 
  Top Story
Obama Warns Against 'Jumping to Conclusions' in Fort Hood Massacre  Video clip available

  More Stories
Obama: 10.2 Percent Unemployment 'A Sobering Number'
Berlin Prepares for Celebrations 20 Years After Fall of Wall
US Jobless Rate Hits Highest Level Since 1983  Audio Clip Available
Thousands Flee Ethnic Violence in Northern DRC
Obama's Political Challenges Grow
Israel Rejects UN War Crimes Resolution  Audio Clip Available
Afghan Police:  2 Missing NATO Soldiers Drowned
British PM Brown Vows to Fight On in Afghanistan
Zelaya Aide Says Honduran Agreement Has Failed
China Looks Forward to Hosting President Obama 
Zimbabwe's Tsvangirai Announces End of Government Boycott  Audio Clip Available
Clinton Stands By UN Mediation for Western Sahara
Thailand-Cambodia Tensions Rise Over Appointment of Fugitive Thai Official  Audio Clip Available
Breakdown Looms in Madagascar Political Talks
Pan-African Malaria Conference Ends on Hopeful Note
Global Climate Change Treaty Delayed  Audio Clip Available