UN warns of food price hike
The United Nations has warned that food prices in the world's poorest countries could see an increase of between 10-20% in 2011.
The UN Food and Agricultural Organisation (FAO) released its monthly report on Wednesday, 17 November 2010 claiming that more than 70 African and Asian countries will be hardest hit as food prices this year have already risen close to levels seen in the 2008 crisis.
International food import bills could top one trillion US dollars in 2010 - a mark only reached once so far, in 2008 - according to FAO's predictions. The report said the price hike could only be contained if food production expanded sufficiently to replenish stocks next year.
Source: Panos London
Panos London promotes the participation of poor and marginalised people in national and international development debates through media and communication projects. It is part of the worldwide Panos Network of independent institutes working to ensure that information is used more effectively to foster debate, pluralism and democracy.
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