World food prices are set to double by 2030 according to an Oxfam report to be released tomorrow. This is not alarmist; it might even turn out to be a conservative estimate. If one looks at figures released last week by the Food and Agriculture Organization of the United Nations, one can see that the FAO food price index has jumped from 90 in 2000 to 232 in April 2011. That’s just the headline index based on a basket of five food commodities. When you drill down a bit further into their data, the FAO are pointing up a year-on-year increase of 71% in grain prices since April 2010. And just so you know, “roughly one third of the food produced in the world for human consumption every year — approximately 1.3 billion tonnes — gets lost or wasted,” according to another FAO-commissioned study released in May 2011. So, no prizes for guessing which hemisphere is the wasteful one and which is suffering greatest from shortage.... Oxfam’s prognosis of the world “entering an er...
'Monkey business from a guerrilla news agency'