Food prices to soar

You may think food is expensive now but it’s set to get a whole lot worse by 2030 according to Oxfam, who warn that the average price of staple foodstuffs will double in the next 20 years.

Of course, while we in the Western world think we’ve got it hard, the reality is that the world’s poorest people spend 80% of their income on food.

Oxfam predicts that key crops such as maize will increase between 120% and 180% by 2030, with half of that rise down to climate change.

‘The food system must be overhauled if we are to overcome the increasingly pressing challenges of climate change, spiralling food prices and the scarcity of land, water and energy,’ said Barbara Stocking, Oxfam's chief executive.

She continued: ‘We are sleepwalking towards an avoidable age of crisis. One in seven people on the planet go hungry every day despite the fact that the world is capable of feeding everyone.’

Stocking called on David Cameron and the G20 leaders to set out to new rules to govern food markets.

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