Search
The Caterer

Oxfam predicts food prices will double by 2020

31 May 2011 by
Oxfam predicts food prices will double by 2020

The average price of staple foods such as corn will double over the next 20 years unless governments tackle the issue of food inflation.

That's the warning from charity Oxfam, which has named governments for having "failed policies" that perpetuate food shortages. It also predicted that prices would rise by 180% by 2030 and that global demand would have risen 70% by 2050.

The governments include those in the European Union, USA and India.

It highlighted biofuels as one cause of rising prices. The EU has set a target for 10% of transport fuel to come from biofuels by 2020, for example, even though the amount of grain required to fill a petrol tank could feed a person for a year.

Oxfam's chief executive, Barbara Stocking, said: "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. We much consign hunger to history."

The charity warned that the world's poorest people, who spend up to 80% of their income on food, would suffer the most.

Caterers eye food costs as average basket of food rises 6% >>

Pressure on crops forces further rise in food prices >>

Flight chaos sparks fears of food shortages and price hikes >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!