FAO, IFAD, WFP Release Joint Statement Amid Food Price Hike
September 12, 2012| |
The Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP) jointly released a statement on the current situation of the international food prices. The statement particularly tackled the root of high food prices and hunger.
According to the report, the increase in international food price may be attributed to climate change, as droughts in some parts of the world have impaired global grain production virtually every other year since 2007, while major floods have also caused severe damage to crops. The priority shift of some crop productions from food stock to non-food purposes and increased financial speculation also affect the food price levels and volatility, the report says.
The Rome-based organizations, however, assure that the current situation on international food prices is under control and there will be no repeat this time of the 2007-2008 incident when the global food prices have reached their all time high.
To access the joint statement, visit https://www.wfp.org/news/news-release/tackling-root-causes-high-food-prices-and-hunger or http://www.fao.org/news/story/en/item/155472/icode/.
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